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. ... Eisenhower proposed, and other countries agreed, that IDA should be part of the World Bank. ...

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