The World Bank is like a cooperative, made up of.....member countries. These member countries, or shareholders, are represented by a Board of Governors, who is the ultimate policymakers at the World Bank.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The World Bank is like a cooperative, made up of____member countries. These member countries, or shareholders, are represented by a Board of Governors, who is the ultimate policymakers at the World Bank.

A	189
B	193
C	159
D	173

Explanation:

Detailed explanation-1: -The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.

Detailed explanation-2: -The Boards of Governors consist of one Governor and one Alternate Governor appointed by each member country. The office is usually held by the country’s minister of finance, governor of its central bank, or a senior official of similar rank.

Detailed explanation-3: -With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

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