TRADE CENTER A franchise of the World Trade Center Association, often including a multipurpose office facility designed to promote international trade. These centers are located in many U.S. cities and commercial centers throughout the world.
Zionist Organization (WZO) Founded in August 1897 at the First Zionist Congress called by Theodor Herzl at Basel, Switzerland. The movement, named after Mount Zion in Jerusalem, was designed to establish in Palestine a national home for Jews scattered throughout the world. Since 1948 its efforts have been devoted primarily to promoting unity of the Jewish people and raising funds. In 1929 it established the Jewish Agency (q.v.). Until 1960 its formal name was Zionist Organization, but word World added in new constitution.
Bank Informal name used to designate a group of three affiliated international institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Fiance Corporation (IFC). The IBRD, established in 1945, has the primary purpose of providing loans to developing countries for productive pfojects. The IDA, a legally separate loan fund but administered by the staff of the IBRD, was set up in 1960 to furnish credits to the poorest devloping countries on much easier terms than those of conventional IBRD loans. The IFC, founded in 1956, supplements the activities of the IBRD through loans and assistance designed specifically to encourage the growth of productive private enterprises in the less developed countries. The president and certain senior of the IBRD hold the same positions in the IFC. The three institutions are owned by the governments of the countries that subscribe their capital. To participate in the World Bank group, member states must first belong to the International Monetary Fund (IMF-- q.v.).