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12 - The World Bank Group

Published online by Cambridge University Press:  05 June 2012

Bruce Zagaris
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Summary

Overview and History

The World Bank Group (WBG) is an umbrella group of international financial institutions charged with promoting free market development to combat poverty. Established in 1944 during the famed Bretton Woods conference, the WBG includes two institutions – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) – and three affiliated institutions: the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes (ICSID). Based in Washington, D.C., the WBG is run by a board of directors representing 185 stakeholder countries.

The World Bank Group (WBG) includes the International Monetary Fund (IMF), the World Bank (WB), and the other constituent entities. To fulfill its overall mission of fighting poverty, it helps countries strengthen development efforts by providing loans and technical assistance for institutional capacity building, as well as loans for infrastructure and environmental improvements. It provides resources, shares knowledge, and facilitates the development of partnerships in the public and private sectors.

The IMF's overall mission is macroeconomic and involves financial surveillance throughout the world. Through its activities, the IMF works to promote international monetary cooperation; facilitate the expansion and balanced growth of international trade; promote foreign currency exchange stability; and assist in the establishment of multilateral systems of payment. The IMF promotes international monetary stability by making loans to countries to allow them to correct maladjustments in their balance of payments without resorting to measures that may negatively affect national or international prosperity.

Type
Chapter
Information
International White Collar Crime
Cases and Materials
 , pp. 428 - 467
Publisher: Cambridge University Press
Print publication year: 2010

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References

Blustein, Paul, The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF (PublicAffairs 2001).Google Scholar
Thomas, Carothers, Aiding Democracy Abroad: The Learning Curve (Brookings Institute 2003).Google Scholar
Delphos, William, Inside the World Bank Group: Practical Guide for International Business Executives (Oxford Univ. Press 1998).Google Scholar
Exporting Democracy: The United States and Latin America (Abraham F. Lowenthal ed., 1991, 2 volumes).
Greenberg, Theodore S., Samuel, Linda M., Grant, Wingate, & Gray, Larissa, Stolen Asset Recovery: A Good Practices Guide for Non-Conviction Based Forfeiture (World Bank Group 2009).CrossRefGoogle Scholar
International Monetary Fund, Legal Department, Suppressing the Financing of Terrorism: A Handbook of Legislative Drafting (2003).
International Monetary Fund/World Bank Group, Financial Intelligence Units: An Overview (2004).
International Monetary Fund, Regulatory Frameworks for Hawala and Other Remittance Systems (2005).
Mallaby, Sebastian, The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations (Council on Foreign Relations Books, Penguin Press 2006).Google Scholar
The Many Faces of Corruption: Tracking Vulnerabilities at the Sector Level (J. Edgardo Campos & Sanjay Pradham eds., World Bank Group 2007).
McClure, Paul S., A Guide to the World Bank (World Bank Publications 2003).Google Scholar
McQuillan, Lawrence J. & Montgomery, Peter C., The International Monetary Fund (Hoover Institution Press 1999).Google Scholar
Ofosu-Amaah, W. Paatii, Combating Corruption: A Comparative Review of Selected Legal Aspects of State Practice and Major International Initiatives (International Bank for Reconstruction and Development 1999).CrossRefGoogle Scholar
Peet, Richard, The Unholy Trinity: The IMF, World Bank, and the WTO (Zed Books, 2003).Google Scholar
Schott, Paul Allan, Reference Guide to Anti-Money Laundering and Combating the Financing of terrorism (World Bank/IMF 2003).Google Scholar
Stolen Asset Recovery: A Good Practices Guide for Non-Conviction Based Asset Forfeiture (Theodore S. Greenberg, Linda Samuel, Wingate Grant, & Larissa Gray eds. (World Bank 2009).
Morais, Herbert R., Fighting International Crime and its Financing: The Importance of Following a Coherent Global Strategy Based on the Rule of Law, 50 Vill. L.Rev. 583 (2005).
Smallwood, Joy, Combating the Financing of Terrorism: The Roles of the IMF, 50 Vill. L.Rev. 645 (2005).Google Scholar
Blustein, Paul, The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the IMF (PublicAffairs 2001).Google Scholar
Thomas, Carothers, Aiding Democracy Abroad: The Learning Curve (Brookings Institute 2003).Google Scholar
Delphos, William, Inside the World Bank Group: Practical Guide for International Business Executives (Oxford Univ. Press 1998).Google Scholar
Exporting Democracy: The United States and Latin America (Abraham F. Lowenthal ed., 1991, 2 volumes).
Greenberg, Theodore S., Samuel, Linda M., Grant, Wingate, & Gray, Larissa, Stolen Asset Recovery: A Good Practices Guide for Non-Conviction Based Forfeiture (World Bank Group 2009).CrossRefGoogle Scholar
International Monetary Fund, Legal Department, Suppressing the Financing of Terrorism: A Handbook of Legislative Drafting (2003).
International Monetary Fund/World Bank Group, Financial Intelligence Units: An Overview (2004).
International Monetary Fund, Regulatory Frameworks for Hawala and Other Remittance Systems (2005).
Mallaby, Sebastian, The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations (Council on Foreign Relations Books, Penguin Press 2006).Google Scholar
The Many Faces of Corruption: Tracking Vulnerabilities at the Sector Level (J. Edgardo Campos & Sanjay Pradham eds., World Bank Group 2007).
McClure, Paul S., A Guide to the World Bank (World Bank Publications 2003).Google Scholar
McQuillan, Lawrence J. & Montgomery, Peter C., The International Monetary Fund (Hoover Institution Press 1999).Google Scholar
Ofosu-Amaah, W. Paatii, Combating Corruption: A Comparative Review of Selected Legal Aspects of State Practice and Major International Initiatives (International Bank for Reconstruction and Development 1999).CrossRefGoogle Scholar
Peet, Richard, The Unholy Trinity: The IMF, World Bank, and the WTO (Zed Books, 2003).Google Scholar
Schott, Paul Allan, Reference Guide to Anti-Money Laundering and Combating the Financing of terrorism (World Bank/IMF 2003).Google Scholar
Stolen Asset Recovery: A Good Practices Guide for Non-Conviction Based Asset Forfeiture (Theodore S. Greenberg, Linda Samuel, Wingate Grant, & Larissa Gray eds. (World Bank 2009).
Morais, Herbert R., Fighting International Crime and its Financing: The Importance of Following a Coherent Global Strategy Based on the Rule of Law, 50 Vill. L.Rev. 583 (2005).
Smallwood, Joy, Combating the Financing of Terrorism: The Roles of the IMF, 50 Vill. L.Rev. 645 (2005).Google Scholar

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  • The World Bank Group
  • Bruce Zagaris
  • Book: International White Collar Crime
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511750373.012
Available formats
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Save book to Dropbox

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  • The World Bank Group
  • Bruce Zagaris
  • Book: International White Collar Crime
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511750373.012
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The World Bank Group
  • Bruce Zagaris
  • Book: International White Collar Crime
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511750373.012
Available formats
×