World Bank Overview

An international financial institution that provides loans and grants to developing countries for development projects and poverty reduction efforts.

An international organization that regulates international trade, sets trade rules, and resolves trade disputes among member countries.

A 1944 conference where the IMF and World Bank were established to promote international monetary cooperation and economic stability after World War II.

A system where the value of a country's currency is pegged to another currency or a basket of currencies, maintaining a stable exchange rate.

An American initiative that provided economic aid to Western European countries after World War II to support their reconstruction and prevent the spread of communism.

Markets where prices are determined by supply and demand without government intervention, allowing for competition and efficient resource allocation.

The transfer of ownership and control of state-owned enterprises to private individuals or companies, often to improve efficiency and promote competition.

The removal or relaxation of government regulations and restrictions on industries and markets to promote competition and economic growth.

The process of increased interconnectedness and interdependence among countries in terms of economics, politics, culture, and technology.

A set of neoliberal economic policies, including privatization, deregulation, and trade liberalization, promoted by international financial institutions like the IMF and World Bank in the 1990s.