The World Bank established toward the end of World War Ⅱ as S1.______a new international f

The World Bank established toward the end of World War Ⅱ as S1.______

a new international financial organization providing long-term fi- S2.______

nance in the difficult postwar period which laid ahead. The Bank S3.______

came into operation in June 1946 with a member of 44 countries. S4.______

By April 1962 membership rose to 75, and 15 other countries were S5.______

applicants, most of which new independent African nations. S6.______

The Bank's first group of loans was made in 1947 to aid post-

war reconstruction in Western Europe. Tile Bank then turned

to lend to assist the economic growth of the less developed countries S7.______

of the world.

These development loans now reach almost US $6000 mil-

lion. They have helped to lay the foundation of economy progress in S8.______

many countries, particularly by assisting the development of the e- S9.______

lectric power, transportation, industry and agriculture.

All payment of interest and principal due from the Bank's bor- S10.______

rowers have been received.

【S1】