Chap10 The International Monetary System(15)

The Role Of The World BankThe World Bank is also called the International Bank for Reconstruction and Development (IBRD) There are two ways to borrow from the World Bank: 1. under the IBRD scheme, money is raised through bond sales in the international capital market根据世界银行的计划，钱是通过在国际资本 市场中的债券销售来筹集的 borrowers pay what the bank calls a market rate of interest - the bank's cost of funds plus a margin for expenses.借款人支付该银行所谓 的市场利率——银行的资金成本加上开支差额 2. through the International Development Agency, an arm of the bank created in 1960 IDA loans go only to the poorest countries通过国际开发署，一个银 行部门在1960年创立了 国际开发协会贷款是借给贫困国家山东经济学院·国际贸易学院 School of International Trade, Shandong Economic Univer

sity 1-15

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