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The World Bank

Established in 1944 and headquartered in Washington, DC, the World Bank has more than 10 000 employees and more than 100 offices worldwide. It is a credit establishment in which shareholders both own the institution and are its clients. The governors of the Bank are the governments of its 189 member countries, which contribute financially to the Bank's functioning and vote in it in proportion to their share of its capital. With no country or group of countries controlling an absolute majority, EU Member States collectively control the largest bloc of shares (26.49 %). Although it is a specialised UN agency, the World Bank functions independently. The weighted voting sets it apart from the rest of the UN system.

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