Singapore and the World Bank
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Singapore officially joined the International Bank for Reconstruction and Development (IBRD) on August 3, 1966[1] after Singapore's independence from Malaysia. By 1975, Singapore received 14 total loans from the World Bank, 10 of these loans were used exclusively for infrastructure projects. Currently, Singapore is a member of World Bank Group Institutions including International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), International Development Association (IDA), and the International Centre of Settlement of Investment Disputes (ICSID).[1]
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Quick Facts Formation, Type ...
Formation | August 3, 1966 |
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Type | 104th member |
Legal status | Member of all World Bank Group Institutions |
Headquarters | World Bank HQ: Washington, D.C., U.S. |
Membership | IBRD, IFC, MIGA, IDA, and the ICSID |
Key people | Tharman Shanmugaratnam, Singapore Governor Andin Hadiyanto, Executive Director for Southeast Asia |
Parent organization | World Bank Group |
Website | worldbank |
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