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  1. Dany's Avatar

    • Join Date: Aug 2004
    • Posts: 602
    #1

    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

    • Member Info
      • Native Language:
      • British English
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      • UK
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    • Join Date: Nov 2002
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    #2

    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

  2. Dany's Avatar

    • Join Date: Aug 2004
    • Posts: 602
    #3

    Re: Meaning

    Thank you very much, tdol

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