International Bank for Reconstruction and Development (World Bank)

According to the decision of the Bretton Woods Conference in July 1944, the date of establishment was 1945, and it was established simultaneously with the International Monetary Fund on February 27th. /kloc-0 officially opened on June 25th, 946. 1947165438+10/5 became a specialized agency of the United Nations. Also known as the World Bank.

It aims to help underdeveloped member countries achieve economic development by providing loans for productive projects and providing guidance for reform plans. Member 18 1 (end of fiscal year 1998).

Headquartered in Washington.

Publications: Annual Report, World Bank Group, World Development Report, World Bank Policies and Operations, International Development Association and International Finance Corporation.

Organization (1) Council: the highest authority. It is composed of 1 director and 1 deputy director sent by member States, and it meets once a year. (2) Executive Board: The World Bank is responsible for handling daily affairs. It is composed of 24 executive directors, five of whom are appointed by the country with the most shares and do not participate in the election. The remaining 65,438+09 members are elected every two years by the directors of 65,438+09 constituencies of other member countries, of which Saudi Arabia, Russian Federation and China form one constituency.

Capital stock and sources of funds The initial legal capital of the World Bank was $654.38+000 billion, which was generally increased three times in the future, and now the total amount reaches $654.38+076.548+04 billion. The increase in total capital makes the annual loan capacity of the World Bank exceed 20 billion US dollars. In addition to general capital increase, there is also temporary selective capital increase. The bank's borrowing funds are mainly raised from the capital markets of major industrial countries in the world.

Relations with China China joined on 1945 and is one of the founding countries of this organization. After the founding of New China, China's seat has been illegally occupied by Taiwan Province provincial authorities for a long time. 1980 April 14, the World Bank stated that since the day when People's Republic of China (PRC) represented China in the International Bank for Reconstruction and Development, the International Development Association and the International Finance Corporation, the three institutions will only have relations with People's Republic of China (PRC) as the sole representative member according to the agreement. Since then, my delegation has participated in all the annual meetings of the organization. After China resumed her seat in the World Bank from 65438 to 0980, she formed a separate constituency and appointed an executive director. The current executive director is Zhu Xian.