The World Bank loves to talk about the importance of “good governance” and “strong institutions” and “rule of law” as keys to development success. Presumably that means that organizations are managed in accordance to their own legal procedures. The International Bank for Reconstruction and Development (IBRD), the primus inter pares of the many units under the World Bank group umbrella (IDA, IFC, MIGA) has an agreed upon Articles of Agreement. Article One is worth reproducing in its entirety:
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