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Thread: Meaning

  1. #1
    Dany's Avatar
    Dany is offline Senior Member
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    Default Meaning

    Dear all,

    could you please explain to me the meaning of the following sentence?
    It is about the Organisation of the World Bank.

    The Bank`s activities are financed by subscriptions made on joining the organisation and by finance raised on the capital markets.


    Thanks a lot for your help,
    Dany

  2. #2
    Tdol is offline Editor, UsingEnglish.com
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    Default Re: Meaning

    When they join, they have to pay subscriptions, presumably according to their size, etc, then the rest of the money is raised from private investment

  3. #3
    Dany's Avatar
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    Threadstarter / Original Poster

    Default Re: Meaning

    Thank you very much, tdol

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