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In literature and practice the term “development bank” is commonly applied to investment banks for the financing of private projects which deserve to be promoted on general economic grounds. Their salient task is usually to provide medium- and long-term funds. Complementary consultative...
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In the World Bank’s last annual report the Federal Republic of Germany was described as a leading member of the World Bank Group (IBRD, IFC and IDA). The Federal Republic has subscribed about $ 1.4 bn to the capital of the World Bank and to date contributed $ 1.1 bn to IDA. The second German...
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