Do You Know World Bank?

The correct answer is International Development Association. IDA stands for International Development Association. This organization is part of the World Bank and provides interest-free loans and grants to the world's poorest countries. It aims to reduce poverty and promote sustainable development in these countries.

The headquarters of the World Bank is located in Washington DC.

The World Bank was established in 1945. This international financial institution was created to provide loans and financial assistance to developing countries for development projects. The establishment of the World Bank aimed to promote economic growth, reduce poverty, and improve living standards in these countries.

The correct answer is "International Bank for Reconstruction and Development." IBRD is an international financial institution that provides loans and financial assistance to middle-income and creditworthy low-income countries for development projects. It aims to reduce poverty and promote sustainable development by supporting infrastructure projects, improving education and healthcare, and promoting economic growth in member countries.

Jim Yong Kim is the correct answer because he was the president of the World Bank from 2012 to 2019. He is a Korean-American physician and anthropologist who has made significant contributions in the field of global health. During his tenure, Kim focused on issues such as poverty reduction, climate change, and sustainable development. He also emphasized the importance of investing in human capital and promoting gender equality. Kim's leadership and expertise have played a crucial role in shaping the World Bank's agenda and initiatives during his presidency.

Eugene Meyer is the correct answer because he was the first president of the World Bank. He served as president from 1946 to 1949 and played a crucial role in establishing the institution and shaping its early policies. Meyer was a prominent American businessman and newspaper publisher who was appointed by President Harry Truman to lead the World Bank, then known as the International Bank for Reconstruction and Development (IBRD). His leadership and vision laid the foundation for the World Bank's mission of promoting global economic development and reducing poverty.

The current president took over power in 2012.

The World Bank comprises of two institutions, namely the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD focuses on providing loans and financial assistance to middle-income and creditworthy low-income countries, while the IDA provides grants and low-interest loans to the world's poorest countries. These two institutions work together to promote sustainable economic development and reduce poverty worldwide.

Robert Zoellick is the correct answer because he was the president of the World Bank from 2007 to 2012, and he handed over the position to the current president. Jim Yong Kim succeeded Robert Zoellick as the president of the World Bank in 2012. Paul Wolfowitz was the president of the World Bank prior to Robert Zoellick, and Sir James Wolfensohn served as the president before Paul Wolfowitz.

The statement is true because the World Bank and the International Monetary Fund (IMF) are two separate international organizations that work closely together. Both institutions were created at the Bretton Woods Conference in 1944 and have similar goals of promoting global economic stability and development. However, they have different functions and roles. The World Bank focuses on providing financial and technical assistance to developing countries for development projects, while the IMF primarily provides loans and policy advice to member countries facing balance of payment problems.