The term World Bank refers to only IBRD and IDA. ... The World Bank opened for business on June 25, 1946. ... Today, the World Bank has a lending portfolio of $144 billion.  ... But they also wanted IDA to be imbued with the stern discipline of a bank. ... IDA supports governments as they eliminate wasteful public enterprises and central government controls on business, and as they open up markets and encourage private investment.  ...

• Word Count: 3014
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate