WORLD BANK AND ITS OBJECTIVES

THE WORLD BANK WHICH IS ALSO KNOWN AS INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD). THE WORLD BANK,

Formation of the world bank:

The international Bank for Reconstruction and Development (IBRD) popularly known as World Bank, was established in 1944 at the same time with the IMF at Bretton Woods. Its headquarters is in Washington, United States of America.  WORLD BANK

The World Bank’s capital was subscribed by members of the IMF on quota basis, thus membership was restricted to the IMF member-countries alone. The World Bank started with 45 members at the beginning and as at 1992, membership has risen to 178 nations

Objectives and functions of world bank IBRD also known as international bank for reconstruction and development

  1. Granting long term loans for infrastructural development
  2. Giving expert advice on development problems
  3. Provision of experts to solve development problems
  4. Provision of training experts
  5. Undertaking feasibility studies relating to economic development
  6. Making available the experience of other countries
  7. To develop the productive resources of member-nations

159. TAPE WORM
160. ROUND WORM OF PIGS
161. LIVER FLUKE
162. ECTO PARASITES
163. TICK
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103. THE CENTRAL NERVOUS SYSTEM

104. PERIPHERAL NERVOUS SYSTEM

A shift or change in supply in economics is quite different from a change in the quantity supplied as discussed in unit 21.10 of this chapter. There is a change in supply if the supply curve shifts to an entirely new position. In this case, there is completely new supply schedule and supply curve, showing that at the old price, more or less of the commodity would be supplied. A shift or change in supply is determined by the factors affecting supply except the price of the commodity.

A shift or change in supply is also grouped into two divisions:

(a)      Increase in supply: When there is an increase in supply, the supply curve will shift to the right, indicating that at the old price, more of the commodity will be supplied. An increase in supply is brought about by a favourable change in the factors affecting supply other than the price of the commodity. For example, if there is improvement in the level of technology, more of the commodity is likely to be supplied at the old price.

(b)     Decrease in supply: When there decrease in supply, the supply curve will the left, indicating that at the old price, less of the commodity is being supplied. A decrease supply is brought about by an unfavorable  change in any of the factors affecting supply except the price of the commodity. Fore: if there is a change in taxation, e.g. increase in taxation against a commodity, the supply will fall, at the former price.

107. THE CIRCULATORY SYSTEM

108. THE PULMONARY CIRCULATION

Abiogenesis

126. POULTRY SANITATION

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