A multilateral development finance agency created by the 1944 Bretton Woods, (New Hampshire) negotiations. It makes loans to developing countries for social overhead capital projects that are guaranteed by the recipient country. See: International Bank for Reconstruction and Development.
Nearby TermsWorkout market Workout period World Bank World Equity Benchmark Series (WEBS) World investible wealth
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University