2. Answer the questions on the article:
1. What does Paris Club represent in itself?
2. What is its main aim and idea?
3. Can any poor country get a discount in relation to their national
debt?
4. Is Russia’s membership in the Paris Club advantageous?
5. How can Russia influence the world economy?
6. Does the Paris Club play a significant role in the world
economy? Can any other organization perform its functions?
7. What do you think of Russia’s economic potential?
3. Speak on the message of the text.
4. Render the article in English.
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MODULE 3
WORLD BANK GROUP
www.worldbankgroup.org
a. The World Bank Group:
Basic Facts
b. International Bank for Reconstruction and Development
1. Background
2. Frequently Asked Questions
c. International Development Association
1. What is IDA?
2. IDA at Work
3. IDA Borrowers
4. IDA Lending
5. IDA Funding
6. IDA History
d. Rendering Activity:
Европейский банк реконструкции и развития
(www.ebrd.com/ru)
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THE WORLD BANK GROUP
The World Bank is a vital source of financial and technical assistance
to developing countries around the world. We are not a bank in the
common sense. We are made up of two unique development
institutions owned by 185 member countries – the International Bank
for Reconstruction and Development (IBRD) and the International
Development Association (IDA).
Each institution plays a different but collaborative role to advance the
vision of an inclusive and sustainable globalization. The IBRD focuses
on middle income and creditworthy poor countries, while IDA focuses
on the poorest countries in the world. Together we provide low-interest
loans, interest-free credits and grants to developing countries for a wide
array of purposes that include investments in education, health, public
administration, infrastructure, financial and private sector development,
agriculture, and environmental and natural resource management.
BASIC FACTS
President: Robert B. Zoellick
Membership: 185 countries represented by Boards of
Directors
World Bank
International Bank for Reconstruction and Development
(IBRD)
International Development Association (IDA)
Affiliates
International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)
International Centre for Settlement of Investment Disputes
(ICSID)
Headquarters: Washington, DC, and more than 100 country
offices
Staff: More than 10,000 employees worldwide
Established: July 1, 1944 during a conference of 44 countries
in Bretton Woods, New Hampshire
(from http://go.worldbank.org/3QT2P1GNH0)
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