The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purposes of economic development . The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group . It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference . After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction . For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by environmental and social safeguards.
92-564: The Kalambo River forms part of the border between Zambia and Tanzania . It is a comparatively small stream which rises on the Ufipa Plateau in Rukwa Region,Tanzania]] north-east of Mbala at an elevation of about 1,800 metres (5,900 ft) and descends into the Albertine Rift , entering the southeastern end of Lake Tanganyika at an elevation of about 770 metres (2,530 ft), in
184-539: A Country Assistance Strategy is produced in cooperation with the local government and any interested stakeholders and may rely on analytical work performed by the bank or other parties. The World Bank's negative pledge clause prohibits its debtor countries from using public assets to repay other creditors before they repay the World Bank. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries . It
276-528: A Luba hunter named Chibinda Ilunga , son of Ilunga Mbidi Kiluwe , introduced the Luba model of statecraft to the Lunda sometime around 1600 when he married a local Lunda princess named Lueji and was granted control of her kingdom. Most rulers who claimed descent from Luba ancestors were integrated into the Luba empire. The Lunda kings, however, remained separate and actively expanded their political and economic dominance over
368-619: A balanced budget and give priority of debt repayment to the World Bank over other governments. World Bank staff closely monitored the use of the funds to ensure that the French government met the conditions. In addition, before the loan was approved, the United States Department of State told the French government that its members associated with the Communist Party would first have to be removed. The French government complied and removed
460-577: A chief or headman and worked as a community and helped each other in times of field preparation for their crops. Villages moved around frequently as the soil became exhausted as a result of the slash-and-burn technique of planting crops. The people also kept large herds of cattle, which formed an important part of their societies. The first Bantu communities in Zambia were highly self-sufficient. Early European missionaries who settled in Southern Zambia noted
552-524: A distance from the vices and modus vivendi of ordinary people. Nkongolo Mwamba symbolizes the embodiment of tyranny, whereas Mbidi Kiluwe remains the admired caring and compassionate kin. In the same region of Southern Congo, the Lunda people were made into a satellite of the Luba empire and adopted forms of Luba culture and governance, thus becoming the Lunda Empire to the south. According to Lunda genesis myths,
644-638: A millennia-long expansion into much of the continent. This event has been called the Bantu expansion ; it was one of the largest human migrations in history. The Bantu are believed to have been the first to have brought iron working technology into large parts of Africa. The Bantu Expansion happened primarily through two routes: a western one via the Congo Basin and an eastern one via the African Great Lakes. The first Bantu people to arrive in Zambia came through
736-558: A range of areas from building schools to fighting disease, providing water and electricity, and environmental protection , and as such, they are linked to most of the Sustainable Development Goals . The World Bank has been criticized as promoting inflation and harming economic development . There has also been criticism of the bank's governance and response to the COVID-19 pandemic . The current president (starting in 2023)
828-566: A result of both Atlantic slave trade in the west and Indian Ocean slave trade in the east and wars with breakaway factions of the kingdoms. The Chokwe , a group that is closely related to the Luvale and formed a Lunda satellite state, initially suffered from the European demand for slaves, but once they broke away from the Lunda state, they themselves became notorious slave traders, exporting slaves to both coasts. The Chokwe eventually were defeated by
920-621: A result, reducing inequality, in this definition, had become an integral part of the World Bank’s objectives and effectively “broadened its mandate”. The World Bank has been criticized for not embracing the reduction of inequality (be it economic inequality within a country, or international inequality between countries) as a goal. Instead, the bank has taken an instrumental approach to the issue, in which inequality policies were seen as useful as long as they contributed to reducing (extreme) poverty or promoting average economic growth. As part of
1012-563: A result, they grew a diverse economy trading fish, copper and iron items and salt for goods from other parts of Africa, like the Swahili coast and, later on, the Portuguese. From these communities arose the Luba Kingdom in the 14th century. The Luba Kingdom was a large kingdom with a centralised government and smaller independent chiefdoms . It had large trading networks that linked the forests in
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#17328521226091104-694: A river in Tanzania is a stub . You can help Misplaced Pages by expanding it . Zambia Zambia , officially the Republic of Zambia , is a landlocked country at the crossroads of Central , Southern and East Africa . It is typically referred to being in South-Central Africa or Southern Africa. It is bordered to the north by the Democratic Republic of the Congo , Tanzania to the north-east, Malawi to
1196-502: A slow start for two reasons: it was underfunded, and there were leadership struggles between the US executive director and the president of the organization. When the Marshall Plan went into effect in 1947, many European countries began receiving aid from other sources. Faced with this competition, the World Bank shifted its focus to non-European allies. Until 1968, its loans were earmarked for
1288-457: A straight-line distance of only about 50 kilometres (31 mi). This accounts for its main claim to fame, its waterfall, Kalambo Falls , which is Africa's second highest falls (after South Africa's Tugela Falls ). Below the falls, the river runs in a deep gorge. The site of the river includes important archaeological sites. 8°24′S 31°18′E / 8.400°S 31.300°E / -8.400; 31.300 This article related to
1380-596: Is Ajay Banga who is known to support climate action , unlike his predecessor David Malpass . The World Bank was created at the 1944 Bretton Woods Conference , along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American . The World Bank and the IMF are both based in Washington, D.C., and work closely with each other. Although many countries were represented at
1472-615: Is based on economic size in addition to the International Development Association contributions. The following table shows the subscriptions of the top 20 member countries of the World Bank by voting power in the following World Bank institutions as of December 2014 or March 2015: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC),
1564-734: Is listed in the Registry of Research Data Repositories re3data.org. The World Bank also endorses the Principles for Digital Development . Together with the World Health Organization , the World Bank administers the International Health Partnership (IHP+). IHP+ is a group of partners committed to improving the health of citizens in developing countries. Partners work together to put international principles for aid effectiveness and development cooperation into practice in
1656-459: Is primarily voluntary. Based on an agreement between the United Nations and the World Bank in 1981, Development Business became the official source for World Bank Procurement Notices, Contract Awards, and Project Approvals. In 1998, the agreement was renegotiated, and included in this agreement was a joint venture to create an online version of the publication. Today, Development Business
1748-643: Is the largest and best-known development bank in the world and an observer at the United Nations Development Group . The bank is headquartered in Washington, D.C. , in the United States . It provided around $ 98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for
1840-480: Is the primary publication for all major multilateral development banks, U.N. agencies, and several national governments, many of which have made the publication of their tenders and contracts in Development Business a mandatory requirement. The World Bank collects and processes large amounts of data and generates them on the basis of economic models. These data and models have gradually been made available to
1932-653: Is today Zambia, Malawi, Mozambique and Tanzania and assimilated into neighbouring tribes. In the western part of Zambia, another Southern African group of Sotho-Tswana heritage called the Kololo manage to conquer the local inhabitants who were migrants from the fallen Luba and Lunda states called the Luyana or Aluyi. The Luyana established the Barotse Kingdom on the floodplains of the Zambezi upon their arrival from Katanga. Under
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#17328521226092024-426: The 2030 Agenda , Sustainable Development Goal 10 aims at reducing inequalities within countries and among countries. World Bank officials participated in the negotiations for SDG 10 in the years prior to 2015. They advocated for the adoption of the bank's own preferred benchmarks. This ensured that other organizations would evaluate their success based on the bank’s own definition of inequality. Some have argued that
2116-511: The Arab world . The African traders were later joined by the Portuguese in the 16th century. The decline of Great Zimbabwe, due to increasing trade competition from other Kalanga/Shona kingdoms like Khami and Mutapa , spelt the end of Ingombe Ilede. The second mass settlement of Bantu people into Zambia was of people groups that are believed to have taken the western route of the Bantu migration through
2208-560: The Chikunda . After the decline of the Portuguese the Chikunda made their way to Zambia. It is hypothesised by Julian Cobbing that the presence of early Europeans slave trading and attempts to control resources in various parts of Bantu-speaking Africa caused the gradual militarization of the people in the region. This can be observed with the Maravi's WaZimba warrior caste, who, once defeating
2300-479: The Communist coalition government —the so-called tripartite . Within hours, the loan to France was approved. From 1974 to 1980, the bank concentrated on meeting the basic needs of people in the developing world . The size and number of loans to borrowers greatly increased, as loan targets expanded from infrastructure into social services and other sectors. These changes can be attributed to Robert McNamara , who
2392-546: The Congo Basin and the mineral-rich plateaus of what is today Copperbelt Province and stretched from the Atlantic coast to the Indian Ocean coast. The arts were also held in high esteem in the kingdom, and artisans were held in high regard. Literature was well developed in the Luba Kingdom. One renowned Luba genesis story that articulated the distinction between two types of Luba emperors goes as follows: Nkongolo Mwamba ,
2484-557: The Congo Basin to Lake Mweru then finally settled around Lake Malawi . These migrants are believed to have been one of the inhabitants around the Upemba area in the Democratic Republic of Congo . By the 1400s these groups of migrants collectively called the Maravi, and most prominently among them was the Chewa people (AChewa), who started assimilating other Bantu groups like the Tumbuka . In 1480
2576-699: The International Development Association (IDA), and the Multilateral Investment Guarantee Agency (MIGA). Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital (one vote for each share of capital stock held by the member). The World Bank plays a significant role in global economic governance due to its broad mandate, its vast resource base, its frequent and regular interactions with governments as clients, and its myriad publications and databases. In 2020,
2668-700: The Kafue Flats and the Lukanga Twa who lived around the Lukanga Swamp . Many examples of ancient rock art in Zambia, like the Mwela Rock Paintings , Mumbwa Caves , and Nachikufu Cave, are attributed to these early hunter-gatherers. The Khoisan and especially the Twa formed a patron-client relationship with farming Bantu peoples across central and southern Africa but were eventually either displaced by or absorbed into
2760-759: The Lamba , Bisa , Senga , Kaonde , Swaka, Nkoya and Soli , formed integral parts of the Luba Kingdom in Upemba part of the Democratic Republic of Congo and have a strong relation to the BaLuba people . The area which the Luba Kingdom occupied has been inhabited by early farmers and iron workers since the 300s C.E. Over time, these communities learned to use nets and harpoons, make dugout canoes, clear canals through swamps and make dams as high as 2.5 meters (8 ft 2 in). As
2852-582: The Maravi Empire was founded by the kalonga (paramount chief of the Maravi) from the Phiri clan, one of the main clans, with the others being Banda, Mwale and Nkhoma. The Maravi Empire stretched from the Indian Ocean through what today is Mozambique to Zambia and large parts of Malawi . The political organization of the Maravi resembled that of the Luba and is believed to have originated from there. The primary export of
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2944-643: The World Bank named Zambia among the top 10 reformers in the World Bank's Ease of doing business index . As of the latest estimate in 2018, 47.9 percent of the population is affected by multidimensional poverty . The Common Market for Eastern and Southern Africa (COMESA) is headquartered in Lusaka. The territory of Zambia was known as Northern Rhodesia from 1911 to 1964. It was renamed Zambia in October 1964 on its independence from British rule. The name Zambia derives from
3036-543: The Yao . As Great Zimbabwe was in decline, one of its princes, Nyatsimba Mutota , broke away from the state forming a new empire called Mutapa . The title of Mwene Mutapa, meaning "Ravager of the Lands", was bestowed on him and subsequent rulers. The Mutapa Empire ruled territory between the Zambezi and Limpopo rivers, in what is now Zambia, Zimbabwe and Mozambique, from the 14th to
3128-644: The Zambezi River (Zambezi may mean "the grand river"). Archaeological excavation work on the Zambezi Valley and Kalambo Falls shows a succession of human cultures. Ancient camp site tools near the Kalambo Falls have been radiocarbon dated to more than 36,000 years ago. The fossil skull remains of the Broken Hill Man (also known as Kabwe Man), dated between 300,000 and 125,000 years BC, further shows that
3220-467: The health sector . IHP+ mobilizes national governments, development agencies, civil society, and others to support a single, country-led national health strategy in a well-coordinated way. In September 2020, during the COVID-19 pandemic , the World Bank announced a $ 12 billion plan to supply "low and middle income countries" with a vaccine once it was approved. In June 2022, the bank reported that $ 10.1 billion had been allocated to supply 78 countries with
3312-648: The role of humans in climate change ". In 2023, a new president was appointed: Ajay Banga . His term began on 2 June 2023. He was supported by the American president Joe Biden partly because he supports climate action . He is also expected to help low-income countries deal with debts. He is the first Indian American to lead the bank. The vice presidents of the bank are its principal managers, in charge of regions, sectors, networks and functions. There are two executive vice presidents, three senior vice presidents, and 24 vice presidents. The boards of directors consist of
3404-556: The 17th century. By its, peak Mutapa had conquered the Dande area of the Tonga and Tavara. The Mutapa Empire predominately engaged in the Indian Ocean transcontinental trade with and via the WaSwahili . The primary exported gold and ivory for silk and ceramics from Asia. Like their contemporaries in Maravi, Mutapa had problems with the arriving Portuguese traders. The peak of this uneasy relationship
3496-475: The Bantu groups. The Bantu people or Abantu (meaning people) are an enormous and diverse ethnolinguistic group that comprise the majority of people in much of eastern, southern and central Africa. Due to Zambia's location at the crossroads of Central Africa, Southern Africa, and the African Great Lakes , the history of the people that constitute modern Zambians is a history of these three regions. Many of
3588-468: The Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations. The intention behind the founding of the World Bank was to provide temporary loans to low-income countries that could not obtain loans commercially. The bank may also make loans and demand policy reforms from recipients. In its early years, the bank made
3680-588: The Congo Basin. These Bantu people spent the majority of their existence in what is today the Democratic Republic of Congo and are ancestors of the majority of modern Zambians. While there is some evidence that the Bemba people or AbaBemba have a strong ancient connection to the Kongo Kingdom through BaKongo ruler Mwene Kongo VIII Mvemba , this is not well documented. The Bemba, along with other related groups like
3772-474: The East African Swahili coast . Ingombe Ilede was one of the most important trading posts for rulers of Great Zimbabwe, others being the Swahili port cities like Sofala . The goods traded at Ingombe Ilede included fabrics, beads, gold, and bangles. Some of these items came from what is today southern Democratic Republic of Congo and Kilwa Kisiwani while others came from as far away as India, China and
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3864-635: The Kololo, the Kololo language was imposed upon the Luyana until the Luyana revolted and overthrew the Kololo by this time the Luyana language was largely forgotten and a new hybrid language emerged, SiLozi and the Luyana began to refer to themselves as Lozi . At the end of the 18th century, some of the Mbunda migrated to Barotseland , Mongu upon the migration of among others, the Ciyengele . The Aluyi and their leader,
3956-401: The Litunga Mulambwa, especially valued the Mbunda for their fighting ability. By the late 18th century, most of the various peoples of Zambia were established in their current areas. One of the earliest recorded Europeans to visit the area was the Portuguese explorer Francisco de Lacerda in the late 18th century. Lacerda led an expedition from Mozambique to the Kazembe region in Zambia (with
4048-422: The Maravi was ivory, which was transported to Swahili brokers. Iron was also manufactured and exported. In the 1590s the Portuguese endeavoured to take monopoly over Maravi export trade. This attempt was met with outrage by the Maravi of Lundu, who unleashed their WaZimba armed force. The WaZimba sacked the Portuguese trade towns of Tete, Sena and various other towns. The Maravi are also believed to have brought
4140-499: The Portuguese succumbed to disease along the Zambezi river. In the 1600s internal disputes and civil war began the decline of Mutapa. The weakened kingdom was finally conquered by the Portuguese and was eventually taken over by rival Shona states. The Portuguese also had vast estates, known as Prazos, and they used slaves and ex-slaves as security guards and hunters. They trained the men in military tactics and gave them guns. These men became expert elephant hunters and were known as
4232-410: The Portuguese, remained quite militaristic afterwards. The Portuguese presence in the region was also a major reason for the founding of the Rozvi Empire , a breakaway state of Mutapa. The ruler of the Rozvi, Changamire Dombo, became one of the most powerful leaders in South-Central Africa's history. Under his leadership, the Rozvi defeated the Portuguese and expelled them from their trading posts along
4324-480: The U.K. have the most voting power. The bank aims loans at developing countries to help reduce poverty. The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change . The World Bank hosts an Open Knowledge Repository for its publications. In 2020, the World Bank’s total commitments amounted to USD 77.1 billion, it had 12,300 full-time staff, and it operated in 145 countries. World Bank projects cover
4416-461: The United States (15.85%), Japan (6.84%), China (4.42%), Germany (4.00%), the United Kingdom (3.75%), France (3.75%), India (2.91%), Russia (2.77%), Saudi Arabia (2.77%) and Italy (2.64%). Under the changes, known as 'Voice Reform – Phase 2', countries other than China that saw significant gains included South Korea , Turkey, Mexico , Singapore, Greece , Czech Republic , Hungary , Brazil, India , and Spain. Most developed countries' voting power
4508-414: The World Bank Group president and 25 executive directors. The president is the presiding officer, and ordinarily has no vote except to break a tie. The executive directors as individuals cannot exercise any power or commit or represent the bank unless the boards specifically authorized them to do so. With the term beginning 1 November 2010, the number of executive directors increased by one, to 25. In 2020,
4600-469: The World Bank had 12,300 full-time staff, and it operated in 145 countries. Some notable politicians who worked for the World Bank include: The International Bank for Reconstruction and Development (IBRD) has 189 member countries, while the International Development Association (IDA) has 174. Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within
4692-406: The World Bank reduced the transformative potential of SDG 10 during the agenda-setting stage. The bank has stated its ambition to help catalyze the SDGs through “thought leadership, global convening, and country-level uptake”. In general, the World Bank strategically uses the power of the Sustainable Development Goals (SDGs) in its favor to reinforce its own policies or interests while minimizing
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#17328521226094784-482: The World Bank's 2012 annual meeting in Tokyo, a review of these safeguards was initiated, which was welcomed by several civil society organisations. As a result, the World Bank developed a new Environmental and Social Framework, which has been in implementation since 1 October 2018. The World Bank or the World Bank Group is also a sitting observer in the United Nations Sustainable Development Group . Beginning in 1989, in response to harsh criticism from many groups,
4876-404: The World Bank’s total commitments amounted to USD 77.1 billion and it operated in 145 countries. World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection , and as such, they are linked to most of the Sustainable Development Goals . As a guideline to the World Bank's operations in any particular country,
4968-435: The Zambezi river. But perhaps the most notable instance of this increased militarization was the rise of the Zulu under the leadership of Shaka . Pressures from the English colonialists in the Cape and increased militarization of the Zulu resulted in the Mfecane (the crushing). The Zulu expanded by assimilating the women and children of tribes they defeated, if the men of these Nguni tribes escaped slaughter, they used
5060-506: The advice of the British South Africa Company . On 24 October 1964, Zambia became independent of the United Kingdom and prime minister Kenneth Kaunda became the inaugural president . Kaunda's socialist United National Independence Party (UNIP) maintained power from 1964 until 1991 with him playing a key role in regional diplomacy, cooperating closely with the United States in search of solutions to conflicts in Southern Rhodesia (Zimbabwe), Angola, and Namibia. From 1972 to 1991, Zambia
5152-424: The area was inhabited by early humans. Broken Hill Man was discovered in Zambia in Kabwe District . Modern Zambia once was inhabited by the Khoisan and Batwa peoples until around AD 300, when migrating Bantu began to settle the areas. It is believed the Khoisan people originated in East Africa and spread southwards around 150,000 years ago. The Twa people were split into two groups: the Kafwe Twa lived around
5244-438: The bank (such as IDA). The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea. Kosovo is not a member of the UN, but is a member of the IMF and the World Bank Group, including the IBRD and IDA. In 2010, voting powers at the World Bank were revised to increase the voice of developing countries, notably China. The countries with most voting power are now
5336-457: The bank began including environmental groups and NGOs in its loans to mitigate the past effects of its development policies that had prompted the criticism. It also formed an implementing agency, in accordance with the Montreal Protocols, to stop ozone-depletion damage to the Earth's atmosphere by phasing out the use of 95% of ozone-depleting chemicals, with a target date of 2015. Since then, in accordance with its so-called "Six Strategic Themes",
5428-510: The bank has put various additional policies into effect to preserve the environment while promoting development. For example, in 1991, the bank announced that to protect against deforestation , especially in the Amazon , it would not finance any commercial logging or infrastructure projects that harm the environment. For the poorest developing countries in the world, the bank's assistance plans are based on poverty reduction strategies ; by combining an analysis of local groups with an analysis of
5520-449: The bank's Chief Economist, Hollis B. Chenery , with Anne Krueger was an example of this new focus. Krueger was known for her criticism of development funding and for describing developing countries' governments as " rent-seeking states". During the 1980s, the bank emphasized lending to service debt of developing countries, and structural adjustment policies designed to streamline the economies of developing nations. UNICEF reported in
5612-410: The bank. Traditionally, based on a tacit understanding between the United States and Europe, the president of the World Bank has been selected from candidates nominated by the United States, the largest shareholder in the bank. This is significant because the World Bank tends to lend more readily to countries that are friendly with the United States, not because of direct U.S. influence but because of
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#17328521226095704-400: The chance of being itself reshaped or transformed by these goals. Scholars found that the World Bank used the growing momentum of the (SDGs) to further its strategic objectives without being influenced by the SDGs in turn. Also, the bank engaged with the SDGs selectively; efforts to integrate the goals into organizational practices remained limited; and their inclusion in country-level processes
5796-437: The construction of infrastructure works, such as seaports, highway systems, and power plants, that would generate enough income to enable a borrower country to repay the loan. In 1960, the International Development Association was formed (as opposed to a UN fund named SUNFED), providing soft loans to developing countries . Before 1974, the reconstruction and development loans the World Bank made were relatively small. Its staff
5888-465: The country's financial and economic situation the World Bank develops a plan pertaining to the country in question. The government then identifies the country's priorities and targets for the reduction of poverty, and the World Bank instigates its aid efforts correspondingly. Forty-five countries pledged US$ 25.1 billion in "aid for the world's poorest countries", aid that goes to the World Bank International Development Association (IDA), which distributes
5980-412: The east, Mozambique to the southeast, Zimbabwe and Botswana to the south, Namibia to the southwest, and Angola to the west. The capital city of Zambia is Lusaka , located in the south-central part of Zambia. The population is concentrated mainly around Lusaka in the south and the Copperbelt Province to the north, the core economic hubs of the country. Originally inhabited by Khoisan peoples,
6072-544: The eastern route via the African Great Lakes. They arrived around the first millennium C.E, and among them were the Tonga people (also called Ba-Tonga, "Ba-" meaning "men") and the Ba-Ila and Namwanga and other related groups, who settled around Southern Zambia near Zimbabwe. Ba-Tonga oral records indicate that they came from the east near the "big sea". They were later joined by the Ba-Tumbuka who settled around Eastern Zambia and Malawi. These first Bantu people lived in large villages. They lacked an organised unit under
6164-406: The employees of the World Bank. In 2012, for the first time, two non-US citizens were nominated. The nominee is subject to confirmation by the board of executive directors to serve a five-year, renewable term. While most World Bank presidents have had banking experience, some have not. On 23 March 2012, U.S. president Barack Obama announced that the United States would nominate Jim Yong Kim as
6256-525: The falls are known as "Mosi-o-Tunya" or "thundering smoke" in the Lozi or Kololo dialect. The town of Livingstone , near the Falls, is named after him. Highly publicised accounts of his journeys motivated a wave of European visitors, missionaries and traders after his death in 1873. World Bank As of 2022 , the World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 174 member countries, respectively. The U.S., Japan, China, Germany and
6348-421: The goal of exploring and to crossing Southern Africa from coast to coast for the first time), and died during the expedition in 1798. The expedition was from then on led by his friend Francisco Pinto. This territory, located between Portuguese Mozambique and Portuguese Angola , was claimed and explored by Portugal in that period. Other European visitors followed in the 19th century. The most prominent of these
6440-464: The historical events in these three regions happened simultaneously. Thus, Zambia's history, like that of many African nations, cannot be presented perfectly chronologically. The early history of the peoples of modern Zambia is deduced from oral records, archaeology, and written records, mostly from non-Africans. The Bantu people originally lived in West and Central Africa around what is today Cameroon and Nigeria. Approximately 5000 years ago, they began
6532-404: The independence of these Bantu societies. One of these missionaries noted: "[If] weapons for war, hunting, and domestic purposes are needed, the [Tonga] man goes to the hills and digs until he finds the iron ore. He smelts it and with the iron thus obtained makes axes, hoes, and other useful implements. He burns wood and makes charcoal for his forge. His bellows are made from the skins of animals and
6624-723: The last 10 years through Development Policy Financing was approximately $ 117 billion. Its five organizations are: The first two are sometimes collectively referred to as the World Bank. To ensure that World Bank-financed operations do not compromise these goals but instead add to their realisation, the following environmental, social, and legal safeguards were defined: Environmental Assessment, Indigenous Peoples, Involuntary Resettlement, Physical Cultural Resources, Forests, Natural Habitats, Pest Management, Safety of Dams, Projects in Disputed Areas, Projects on International Waterways, and Performance Standards for Private Sector Activities. At
6716-509: The late 1980s that the structural adjustment programs of the World Bank had been responsible for "reduced health, nutritional and educational levels for tens of millions of children in Asia , Latin America , and Africa ". The president of the bank is the president of the entire World Bank Group . The president is responsible for chairing meetings of the boards of directors and for overall management of
6808-719: The loans to eighty poorer countries. Wealthier nations sometimes fund their own aid projects, including those for diseases. Robert B. Zoellick, the former president of the World Bank, said when the loans were announced on 15 December 2007, that IDA money "is the core funding that the poorest developing countries rely on". World Bank organizes the Development Marketplace Awards , a grant program that surfaces and funds development projects with potential for development impact that are scalable and/or replicable. The grant beneficiaries are social enterprises with projects that aim to deliver social and public services to groups with
6900-462: The lowest incomes. In 2013 the bank adopted the concept of Shared Prosperity as one of the World Bank’s “Twin Goals” for that year, with the other one focusing on poverty reduction, aiming to reduce the share of people in extreme poverty to 3 percent of the global population by 2030. The bank defined Shared Prosperity as increasing the income of the bottom 40 percent of the population in each country. As
6992-564: The military tactics of the Zulu to attack other groups. This caused mass displacements, wars and raids throughout Southern, Central and Eastern Africa as Nguni or Ngoni tribes made their way throughout the region and is referred to as the Mfecane. The arriving Nguni under the leadership of Zwagendaba crossed the Zambezi river moving northwards. The Ngoni were the final blow to the already weakened Maravi Empire. Many Nguni eventually settled around what
7084-405: The next president of the bank. Jim Yong Kim was elected on 27 April 2012 and reelected to a second five-year term in 2017. He announced that he would resign effective 1 February 2019. He was replaced on an interim basis by now-former World Bank CEO Kristalina Georgieva , then by David Malpass on 9 April 2019. David Malpass faced criticism in 2023 as he had "sparked outcry by appearing to question
7176-472: The other ethnic groups and the Portuguese. This instability caused the collapse of the Luba-Lunda states and a dispersal of people into various parts of Zambia from the Democratic Republic of the Congo. The majority of Zambians trace their ancestry to the Luba-Lunda and surrounding Central African states. In the 1200s, before the founding of the Luba-Lunda states, a group of Bantu people started migrating from
7268-556: The pipes are clay tile, and the anvil and hammers are also pieces of the iron he has obtained. He moulds, welds, shapes, and performs all the work of the ordinary blacksmith." These early Bantu settlers also participated in the trade at the site Ingombe Ilede (which translates to sleeping cow in Chi-Tonga because the fallen baobab tree appears to resemble a cow) in Southern Zambia. At this trading site they met numerous Kalanga / Shona traders from Great Zimbabwe and Swahili traders from
7360-527: The public in a way that encourages reuse, whereas the recent publications describing them are available as open access under a Creative Commons Attribution License , for which the bank received the SPARC Innovator 2012 award. The World Bank hosts the Open Knowledge Repository as an official open access repository for its research outputs and knowledge products. The World Bank's repository
7452-496: The red king, and Ilunga Mbidi Kiluwe , a prince of legendary black complexion. Nkongolo Mwamba is the drunken and cruel despot, Ilunga Mbidi Kiluwe the refined and gentle prince. Nkongolo the Red is a man without manners, a man who eats in public, gets drunk, and cannot control himself, whereas [Ilunga] Mbidi Kiluwe is a man of reservation, obsessed with good manners; he does not eat in public, controls his language and his behaviour, and keeps
7544-555: The region was affected by the Bantu expansion of the thirteenth century. Following European colonizers in the 18th century, the British colonised the region into the British protectorates of Barotziland–North-Western Rhodesia and North-Eastern Rhodesia towards the end of the 19th century. These were merged in 1911 to form Northern Rhodesia . For most of the colonial period, Zambia was governed by an administration appointed from London with
7636-568: The region. The Lunda, like its parent state Luba, also traded with both coasts, the Atlantic and Indian Oceans. While ruler Mwaant Yaav Naweej had established trade routes to the Atlantic coast and initiated direct contact with European traders eager for slaves and forest products and controlling the regional Copper trade, and settlements around Lake Mweru regulated commerce with the East African coast. The Luba-Lunda states eventually declined as
7728-450: The traditions that would become Nyau secret society from Upemba . The Nyau form the cosmology or indigenous religion of the people of Maravi. The Nyau society consists of ritual dance performances and masks used for the dances; this belief system spread around the region. The Maravi declined as a result of succession disputes within the confederacy, attack by the Ngoni and slave raids from
7820-537: The vaccine The US Treasury has committed $ 667 million for the World Bank's global Pandemic Fund, a third of the $ 2 billion the fund hopes to raise. The Pandemic Fund, established in September 2022, is a collaborative initiative among countries, implementing partners, philanthropies, and civil society organizations. It aims to fund investments that address critical gaps in pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with
7912-575: Was David Livingstone , who had a vision of ending the slave trade through the "3 Cs": Christianity, Commerce, and Civilisation. He was the first European to see the magnificent waterfalls on the Zambezi River in 1855, naming them the Victoria Falls after Queen Victoria of the United Kingdom. He described them thus: "Scenes so lovely must have been gazed upon by angels in their flight". Locally
8004-553: Was a one-party state with UNIP as the sole legal political party under the motto "One Zambia, One Nation" coined by Kaunda. Kaunda was succeeded by Frederick Chiluba of the social-democratic Movement for Multi-Party Democracy in 1991, beginning a period of socio-economic development and government decentralisation. Zambia has since become a multi-party state and has experienced several peaceful transitions of power. Zambia contains abundant natural resources, including minerals, wildlife, forestry, freshwater, and arable land. In 2010,
8096-549: Was appointed to the presidency in 1968 by Lyndon B. Johnson . McNamara implored bank treasurer Eugene Rotberg to seek out new sources of capital outside of the northern banks that had been the primary sources of funding. Rotberg used the global bond market to increase the capital available to the bank. One consequence of the period of poverty alleviation lending was the rapid rise of debt of developing countries . From 1976 to 1980, developing world debt rose at an average annual rate of 20%. The World Bank Administrative Tribunal
8188-443: Was aware of the need to instill confidence in the bank. Fiscal conservatism ruled, and loan applications had to meet strict criteria. The first country to receive a World Bank loan was France in 1947. The bank's president at the time, John McCloy , chose France over two other applicants, Poland and Chile. The loan was for US$ 250 million, half the amount requested, and came with strict conditions. France had to agree to produce
8280-480: Was established in 1980, to decide on disputes between the World Bank Group and its staff where allegation of non-observance of contracts of employment or terms of appointment had not been honored. McNamara was succeeded by U.S. President Jimmy Carter 's nominee, Alden W. Clausen , in 1980. Clausen replaced many members of McNamara's staff and crafted a different mission emphasis. His 1982 decision to replace
8372-481: Was reached when the Portuguese attempted to influence the kingdoms internal affairs by establishing markets in the kingdom and converting the population to Christianity. This action caused outrage by the Muslim WaSwahili living in the capital, this chaos gave the Portuguese the excuse they were searching for to warrant an attack on the kingdom and try to control its gold mines and ivory routes. This attack failed when
8464-510: Was reduced, along with a few developing countries such as Nigeria . The voting powers of the United States, Russia and Saudi Arabia were unchanged. The changes were brought about with the goal of making voting more universal in regards to standards, rule-based objective indicators, and transparency among other things. Now, developing countries have an increased voice in the "Pool Model", backed especially by Europe. Additionally, voting power
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