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The World Bank has paid increasing 1__________ to the evaluation of previous lending. Recently, moreover, it has acceded to the requests of the American secretary of the treasury to help to ease the huge, 2___________, largely commercial-bank debt.
Voting power in the Bank (as well as in the Fund) is determined by the size of each member nation’s subscription. Subscriptions, in turn, are based on a formula that takes into account such variables as the value of each nation’s foreign 3___________ and its total output. Ultimate power, through weighted voting, rests with the Board of Governors of the Bank (and the Fund). The governors meet annually in 4__________. The day-to-day affairs of the Bank are determined, however, by executive directors who live permanently in Washington, D.C.
attention
outstanding
trade
September