World Bank & IMF
World Organizations · विश्व बैंक और IMF
📋Quick Overview
Key facts about World Bank & IMF for RRB NTPC, SSC CGL, and other competitive exams. These are frequently asked in the GK section and mastering them ensures easy marks.
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World Bank — Washington DC, USA — Founded 1944 (Bretton Woods), development loans
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IMF — Washington DC, USA — Founded 1944, monetary stability, SDR currency
📖World Bank & IMF
| Organization | HQ | Key Fact |
|---|---|---|
| World Bank | Washington DC, USA | Founded 1944 (Bretton Woods), development loans |
| IMF | Washington DC, USA | Founded 1944, monetary stability, SDR currency |
| IBRD | Part of World Bank | Loans to middle-income countries |
| IDA | Part of World Bank | Loans to poorest countries (interest-free) |
| IFC | Part of World Bank | Private sector development in developing countries |
| SDR | Special Drawing Rights | IMF's international reserve asset |
| Bretton Woods | 1944 Conference | Created World Bank and IMF in New Hampshire, USA |
| WB President | Ajay Banga (Indian-origin) | Since 2023 — first Indian-origin WB president |
📝Key Points
- •World Bank: Washington DC, USA: Founded 1944 (Bretton Woods), development loans
- •IMF: Washington DC, USA: Founded 1944, monetary stability, SDR currency
- •IBRD: Part of World Bank: Loans to middle-income countries
- •IDA: Part of World Bank: Loans to poorest countries (interest-free)
- •IFC: Part of World Bank: Private sector development in developing countries
- •SDR: Special Drawing Rights: IMF's international reserve asset