78-596: Pakistan Industrial Credit and Investment Corporation ( PICIC ) is a financial institution in Pakistan, one of the first development finance institutions established with the World Bank Group assistance in 1957. In 2007, PICIC Commercial Bank was bought by Singapore owned NIB Bank . PICIC Insurance Limited is a part of the Temasek Holdings . NIB Bank Limited, a Temasek's subsidiary in Pakistan,
156-421: A Council General of 24 members elected by suffrage limited to heads of families. The Council General replaced the aristocratic oligarchy that previously ruled the state. The New Reform ( Nova Reforma ) began after ratification by both Co-Princes and established the basis of the constitution and symbols – such as the tricolour flag – of Andorra. A new service economy arose as
234-432: A GDP per capita and a life expectancy higher than the most standard countries of the current economy. Given its relative isolation, Andorra has existed outside the mainstream of European history, with few ties to countries other than France, Spain and Portugal . But in recent times its thriving tourist industry, along with developments in transport and communications, have removed the country from its isolation. Since 1976
312-477: A board of governors meeting once a year. Each member country appoints a governor, generally its minister of finance. Daily, the World Bank Group is run by a board of 25 executive directors to whom the governors have delegated certain powers. Each director represents either one country (for the largest countries), or a group of countries. Executive directors are appointed by their respective governments or
390-733: A demand of the valley inhabitants and began to build infrastructure such as hotels, spa resorts, roads and telegraph lines. The authorities of the Co-Princes banned casinos and betting houses throughout the country. The ban resulted in an economic conflict and the Revolution of 1881, which began when revolutionaries assaulted the house of the syndic on 8 December 1880, and established the Provisional Revolutionary Council led by Joan Pla i Calvo and Pere Baró i Mas. The Provisional Revolutionary Council allowed for
468-574: A final report, "Striking a Better Balance". The report concluded that fossil fuel and mining projects do not alleviate poverty, and recommended that World Bank involvement with these sectors be phased out by 2008 to be replaced by investment in renewable energy and clean energy . The World Bank published its Management Response to the EIR in September 2004 after extensive discussions with the board of directors. The Management Response did not accept many of
546-601: A loan the bank made to the palm oil company Dinant after the 2009 Honduran coup d'état . There have been numerous killings of Campesinos in the region where Dinant was operating. Other controversial investments include loans to the Chixoy Hydroelectric Dam in Guatemala while it was under military dictatorship, and to Goldcorp (then Glamis Gold) for the construction of the Marlin Mine . In 2019,
624-473: A social health insurance system was created ( CASS ). The Andorran government necessarily involved planning, projection and forecasts for the future: with the official visit of the French co-prince Charles de Gaulle in 1967 and 1969, it was given approval for the economic boom and national demands within the framework of human rights and international openness. Andorra experienced an era commonly known as
702-583: A territory is the Acta de Consagració i Dotació de la Catedral de la Seu d'Urgell (Deed of Consecration and Endowment of the Cathedral of La Seu d'Urgell). The document, dated 839, depicts the six old parishes of the Andorran valleys that made up the country's administrative division. Before 1095, Andorra had no military protection, and the bishop of Urgell, who knew that the count of Urgell wanted to reclaim
780-794: A vast land which is located among mountains or a thickly wooded place (with ad- being the definite article ). When the Moors conquered the Iberian Peninsula, the valleys of the High Pyrenees were covered by large tracts of forest. These regions were not administered by Muslims , because of the geographic difficulty of direct rule. Other theories suggest that the term derives from the Navarro-Aragonese "andurrial", which means "land covered with bushes" or "scrubland". The folk etymology holds that Charlemagne had named
858-531: Is a major shareholder of PICIC Insurance Limited with a 30% stake. Temasek Holdings is an investment company owned by the government of Singapore , through which is managed a portfolio of more than US$ 100 billion, focused primarily in Asia. Leaders of PICIC Insurance Ltd announced in 2016 that Sakib Berjees along with a consortium of investors is in the process of establishing a special purpose vehicle (SPV) to be named Sakib Berjees & Consortium (Private) Limited for
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#1732790428230936-649: Is not a member state of the European Union . It has been a member of the United Nations since 1993. The origin of the word Andorra is unknown, although several hypotheses have been proposed. The oldest is one put forward by the Greek historian Polybius ( The Histories III, 35, 1), who describes the Andosins, an Iberian Pre-Roman tribe , as historically located in the valleys of Andorra and facing
1014-743: Is part of the World Bank Group. The group's headquarters are in Washington, D.C. It is an international organization owned by member governments; although it makes profits, they are used to support continued efforts in poverty reduction. Technically the World Bank is part of the United Nations system, but its governance structure is different: each institution in the World Bank Group is owned by its member governments, which subscribe to its basic share capital, with votes proportional to shareholding. Membership gives certain voting rights that are
1092-629: Is recognized as a leading funder of climate investments in developing countries. The WBG came into formal existence on 27 December 1946 following international ratification of the Bretton Woods agreements, which emerged from the United Nations Monetary and Financial Conference (1–22 July 1944). It also provided the foundation of the Osiander Committee in 1951, responsible for the preparation and evaluation of
1170-717: Is recorded from the 2nd century BCE to the 5th century CE. The places with the most Roman presence are in Camp Vermell (Red Field) in Sant Julià de Lòria , and in some places in Encamp and in the Roc d'Enclar. People continued trading, mainly with wine and cereals, with the Roman cities of Urgellet (the present-day La Seu d'Urgell ) and across Segre through the via romana Strata Ceretana (also known as Strata Confluetana). After
1248-528: Is the world's 16th-smallest country by land and 11th-smallest by population . Its capital, Andorra la Vella, is the highest capital city in Europe, at an elevation of 1,023 metres (3,356 feet) above sea level . The official language is Catalan , but Spanish , Portuguese , and French are also commonly spoken. Tourism in Andorra brings approximately 8 million visitors to the country annually. Andorra
1326-825: The Aquitanian , Basque and Iberian languages , the locals developed some current toponyms. Early writings and documents relating to this group of people goes back to the second century BC by the Greek writer Polybius in his Histories during the Punic Wars . Some of the most significant remains of this era are the Castle of the Roc d'Enclar (part of the early Marca Hispanica ), l'Anxiu in Les Escaldes and Roc de L'Oral in Encamp . The presence of Roman influence
1404-727: The Carthaginian army in its passage through the Pyrenees during the Punic Wars . The word Andosini or Andosins ( Ἀνδοσίνοι ) may derive from the Basque handia , meaning "big" or "giant". The Andorran toponymy shows evidence of Basque language in the area. Another theory suggests that the word Andorra may derive from the old word Anorra that contains the Basque word ur ("water"). Another theory suggests that Andorra may derive from Arabic ad-dārra ( الدَّارَة ), indicating
1482-660: The Congressional-Executive Commission on China questioned the World Bank about a loan in Xinjiang, China , that was used to buy high-end security gear, including surveillance equipment. The bank launched an internal investigation in response to the allegation. In August 2020, U.S. lawmakers questioned the continued disbursement of the loan. [REDACTED] World Bank Group Andorra in Europe (dark grey) Andorra , officially
1560-480: The Peninsular War ( Guerra Peninsular ) and divided the region into four départements , with Andorra as a part of the district of Puigcerdà . In 1814, an imperial decree reestablished the independence and economy of Andorra. During this period, Andorra's late medieval institutions and rural culture remained largely unchanged. In 1866, the syndic Guillem d'Areny-Plandolit led the reformist group in
1638-666: The Principality of Andorra , is a sovereign landlocked country on the Iberian Peninsula , in the eastern Pyrenees in Western Europe, bordered by France to the north and Spain to the south . Believed to have been created by Charlemagne , Andorra was ruled by the count of Urgell until 988, when it was transferred to the Roman Catholic Diocese of Urgell . The present principality
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#17327904282301716-580: The World Development Report . Commencing operations on 25 June 1946, it approved its first loan on 9 May 1947 (USD 250M to France for postwar reconstruction, in real terms the largest loan the bank has issued to date). All of the 188 UN members and Kosovo that are WBG members participate at a minimum in the IBRD. As of May 2016, all of them also participate in some of the other four organizations (IDA, IFC, MIGA, and ICSID). WBG members by
1794-772: The fall of the Roman Empire , Andorra came under the influence of the Visigoths , the Kingdom of Toledo , and the Diocese of Urgell . The Visigoths remained in the valleys for 200 years, during which time Christianity spread. When the Muslim Empire of Al-Andalus replaced the ruling Visigoths in most of the Iberian Peninsula, Andorra was sheltered from these Arab invaders by the Franks . Tradition holds that Charles
1872-620: The "Andorran dream" (similar to the American Dream ) along with the Trente Glorieuses : the mass culture rooted the country experiencing radical changes in the economy and culture. Proof of this was Ràdio Andorra , the top musical radio station in Europe in this period, with guests and speakers of great importance promoting musical hits of chanson française , swing , rhythm & blues , jazz , rock and roll and American country music . During this period Andorra achieved
1950-446: The 1930s, with the construction of FHASA and the creation of professional banking with Banc Agrícol (1930) and Crèdit Andorrà (1949), later with Banca Mora (1952), Banca Cassany (1958) and SOBANCA (1960). Shortly after, activities such as skiing and shopping become a tourist attraction, with the inauguration of ski resorts and cultural entities in the late 1930s. All in all, a renovated hotel industry has developed. In April 1968
2028-566: The 9th through 14th centuries, particularly in the construction of churches, bridges, religious murals and statues of the Virgin and Child ( Our Lady of Meritxell being the most important). Nowadays, the Romanesque buildings that form part of Andorra's cultural heritage stand out in a remarkable way, with an emphasis on Església de Sant Esteve , Sant Joan de Caselles , Església de Sant Miquel d'Engolasters , Sant Martí de la Cortinada and
2106-487: The Andorran valleys, asked the Lord of Caboet for help and protection. In 1095, the lord of Caboet and the bishop of Urgell signed under oath a declaration of their co-sovereignty over Andorra. Arnalda de Caboet , daughter of Arnau of Caboet, married the viscount of Castellbò. Their daughter, Ermessenda de Castellbò , married the count of Foix , Roger-Bernard II . Roger-Bernard II and Ermessenda shared rule over Andorra with
2184-832: The Busquets family. Inside the parliament was placed the Closet of the six keys (Armari de les sis claus), representative of each Andorran parish, where the Andorran constitution and other documents and laws were later kept. In both the Reapers' War and the War of the Spanish Succession , the Andorran people (while professing to be a neutral country) supported the Catalans who saw their rights reduced in 1716 . The reaction
2262-526: The Catalan or foreign public even within Andorra. Andorran Group (Agrupament Andorrà), an anti-fascist organization linked to the Occitanie's French Resistance , accused the French representative (veguer) of collaboration with Nazism . The Andorran opening to the capitalist economy resulted in two axes: mass tourism and the country's tax exemption. The first steps toward the capitalist boom date from
2340-619: The EIR process, the World Bank issued a revised Policy on Indigenous Peoples. The World Bank has long been criticized by a range of non-governmental organizations and academics, notably including its former chief economist Joseph Stiglitz , who is equally critical of the International Monetary Fund , the US Treasury Department , and the US and other developed country trade negotiators. Critics argue that
2418-570: The EIR report's conclusions, but the EIR served to alter the World Bank's policies on oil, gas, and mining in important ways, as the World Bank documented in a recent follow-up report. One area of particular controversy concerned the rights of indigenous peoples. Critics point out that the Management Response weakened a key recommendation that indigenous peoples and affected communities should have to provide 'consent for projects to proceed; instead, there would be 'consultation'. Following
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2496-476: The French head of state) and the bishop of Urgell, in Catalonia . This gave the principality its territory and political form. A second paréage was signed in 1288 after a dispute when the count of Foix ordered the construction of a castle in Roc d'Enclar. The document was ratified by the noble notary Jaume Orig of Puigcerdà , and construction of military structures in the country was prohibited. In 1364,
2574-781: The Great (Charlemagne) granted a charter to the Andorran people for a contingent of 5,000 soldiers under the command of Marc Almugaver, in return for fighting against the Moors near Porté-Puymorens ( Cerdanya ). Andorra remained part of the Frankish Marca Hispanica , the buffer zone between the Frankish Empire and the Muslim territories, Andorra being part of the territory ruled by the Count of Urgell and eventually
2652-428: The IBRD and IDA, whereas the term "World Bank Group" or "WBG" is used to refer to all five institutions collectively. The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. The institutions of the World Bank Group are all run by
2730-593: The Sanctions System; and the Conflict Resolution and Internal Justice System. The present managing director, Shaolin Yang, assumed the office after Sri Mulyani resigned to become finance minister of Indonesia . The managing director and World Bank Group chief financial officer is Anshula Kant since 7 October 2019. After longstanding criticisms from civil society of the bank's involvement in
2808-584: The Tombs of Segudet ( Ordino ) and Feixa del Moro (Sant Julià de Lòria), both dated in 4900–4300 BCE as an example of the Urn culture in Andorra. The model of small settlements began to evolve to complex urbanism during the Bronze Age . Metallurgical items of iron, ancient coins, and reliquaries can be found in the ancient sanctuaries scattered around the country. The sanctuary of Roc de les Bruixes (Stone of
2886-700: The Valleys) was founded in 1419, the second oldest parliament in Europe. The syndic Andreu d'Alàs and the General Council organized the creation of the Justice Courts (La Cort de Justicia) in 1433 with the co-princes and the collection of taxes like foc i lloc (literally "fire and site", a national tax active since then). Although there are remains of ecclesiastical works dating before the 9th century (Sant Vicenç d'Enclar or Església de Santa Coloma ), Andorra developed exquisite Romanesque Art during
2964-644: The WBG until April 16, 1980, when the People's Republic of China replaced the ROC. Since then, it uses the name " Taiwan, China ". Excluded from the list are the following de facto states: Abkhazia , Artsakh , Northern Cyprus , the Sahrawi Arab Democratic Republic , Somaliland , South Ossetia , and Transnistria . Together with four affiliated agencies created between 1957 and 1988, the IBRD
3042-432: The Witches) is perhaps the most important archeological complex of this age in Andorra, located in the parish of Canillo , about the rituals of funerals, ancient scripture and engraved stone murals . The inhabitants of the valleys were traditionally associated with the Iberians and historically located in Andorra as the Iberian tribe Andosins or Andosini ( Ἀνδοσίνους ) during the 7th and 2nd centuries BC. Influenced by
3120-630: The World Bank, they mostly rely on private-sector clients to monitor their implementation and miss an independent monitoring institution in this context. This is why an extensive review of the institutions' implementation strategy of social and environmental standards is demanded. The World Bank's Integrity Vice Presidency (INT) is charged with the investigation of internal fraud and corruption, including complaint intake, investigation, and investigation reports. The World Bank Group has also been criticized for investing in projects with human rights issues. The Compliance Advisor/Ombudsman (CAO) criticized
3198-438: The acquisition of 30% stake in the company from NIB Bank Ltd which currently holds 30% stake only in the company. This Pakistani corporation or company article is a stub . You can help Misplaced Pages by expanding it . World Bank Group The World Bank Group ( WBG ) is a family of five international organizations that make leveraged loans to developing countries . It is the largest and best-known development bank in
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3276-416: The aftermath of the 1933 Revolution. During the Spanish Civil War, the inhabitants of Andorra welcomed refugees from both sides, and many of them settled permanently in the country thus contributing to the subsequent economic boom and the entry into the capitalist era of Andorra. Francoist troops reached the Andorran border in the later stages of the war. During World War II, Andorra remained neutral and
3354-422: The area , in the context of the Reformation and Counter-Reformation . With the passage of time, the co-title to Andorra passed to the kings of Navarre . After Henry III of Navarre became king of France , he issued an edict in 1607 that established the head of the French state and the bishop of Urgell as Co-Princes of Andorra , a political arrangement that still holds. During 1617, communal councils form
3432-471: The bank's Charter require an 85% supermajority, the U.S. can block any major change in the bank's governing structure. Because the U.S. exerts formal and informal influence over the bank as a result of its vote share, control over the presidency, and the bank's headquarters location in Washington, D.C., friends and allies of the U.S. receive more projects with more lenient terms. The World Bank Group consists of The term " World Bank " generally refers to just
3510-435: The bank's largest shareholder. The nominee is subject to confirmation by the executive directors, to serve a five-year, renewable term. Ajay Banga is the current and 14th President of the World Bank Group . The managing director of the World Bank is responsible for organizational strategy; budget and strategic planning; information technology; shared services; Corporate Procurement; General Services and Corporate Security;
3588-443: The bishop of Urgell. In the 13th century, a military dispute arose between the bishop of Urgell and the count of Foix as aftermath of the Cathar Crusade . The conflict was resolved in 1278 with the mediation of the king of Aragon , Peter III , between the bishop and the count, by the signing of the first paréage , which provided that Andorra's sovereignty be shared between the count of Foix (whose title would ultimately transfer to
3666-475: The bishop of the Diocese of Urgell. Tradition also holds that it was guaranteed by the son of Charlemagne, Louis the Pious , writing the Carta de Poblament or a local municipal charter c. 805 . In 988, Count Borrell II of Urgell gave the Andorran valleys to the Diocese of Urgell in exchange for land in Cerdanya . Since then, the bishop of Urgell, based in Seu d'Urgell, has been co-prince of Andorra. The first document that mentions Andorra as
3744-501: The capital city there was a smuggling black market of propaganda, culture and cinematic art not favorable to totalitarian regimes, promulgated in such places as the Hotel Mirador or the Casino Hotel, as a meeting place for Free French forces and a route for escorting crashed Allied pilots out of Europe. The network was maintained after the war, when film societies were formed, where movies, music and books censored in Franco's Spain were imported, becoming an anti-censorship attraction for
3822-407: The constituencies. The agencies of the World Bank are each governed by their Articles of Agreement that serves as the legal and institutional foundation for all their work. The activities of the IFC and MIGA include investment in the private sector and providing insurance, respectively. Traditionally, the bank president has been a U.S. citizen nominated by the president of the United States,
3900-432: The construction of casinos and spas by foreign companies. From 7 to 9 June 1881, the loyalists of Canillo and Encamp reconquered the parishes of Ordino and La Massana by establishing contact with the revolutionary forces in Escaldes-Engordany . After a day of combat the Treaty of the Bridge of Escalls was signed on 10 June. The council was replaced and new elections were held. The economic situation worsened, as
3978-399: The country and wealth through the establishment of a tax haven and foreign investments, received the support of the members of the General Council to proclaim himself the sovereign of Andorra. On 8 July 1934 Boris issued a proclamation in Urgell, declaring himself Boris I, King of Andorra, simultaneously declaring war on the Bishop of Urgell and approving the King's constitution on 10 July. He
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#17327904282304056-401: The country has seen the need to reform Andorran institutions due to anachronisms in sovereignty, human rights and the balance of powers as well as the need to adapt legislation to modern demands. In 1982 a first separation of powers took place when instituting the Govern d'Andorra, under the name of the executive board (Consell Executiu), chaired by the first prime minister Òscar Ribas Reig with
4134-417: The country was characterized by the social system of prohoms (wealthy society) and casalers (rest of the population with smaller economic acquisition), deriving from the tradition of pubilla and hereu . Three centuries after its foundation, the Consell de la Terra located its headquarters and the Tribunal de Corts in Casa de la Vall in 1702. The manor house built in 1580 served as a noble fortress of
4212-457: The end of the 11th century, the first iron foundries began to appear in Northern Parishes like Ordino , much appreciated by the master artisans who developed the art of the forges, an important economic activity in the country from the 15th century. In 1601 the Tribunal de Corts (High Court of Justice) was created as a result of Huguenot rebellions in France , Inquisition courts coming from Spain and witchcraft-related beliefs native to
4290-409: The international financial institutions as 'illegal and illegitimate and a cog of coercive American diplomacy in carrying out financial terrorism. Defenders of the World Bank contend that no country is forced to borrow its money. The bank provides both loans and grants. Even the loans are concessional since they are given to countries that have no access to international capital markets . Furthermore,
4368-399: The introduction of tobacco circa 1692 and import trade. In 1371 and 1448, the co-princes ratified the fair of Andorra la Vella, the most important annual national festival commercially ever since. The country had a unique and experienced guild of weavers, Confraria de Paraires i Teixidors, in Escaldes-Engordany . Founded in 1604, it took advantage of the local thermal waters. By this time,
4446-779: The last 10 years through Development Policy Financing was approximately $ 117 billion. Its five organizations are: The first two are sometimes collectively referred to as the World Bank . The activities of the World Bank (the IBRD and IDA) focus on developing countries , in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation and rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, and electricity), large industrial construction projects, and governance (e.g. anti-corruption, legal institutions development). The IBRD and IDA provide loans at preferential rates to member countries, as well as grants to
4524-463: The loans, both to poor and middle-income countries, are below market-value interest rates . The World Bank argues that it can help development more through loans than grants because money repaid on the loans can then be lent for other projects. Criticism was also expressed towards the IFC and MIGA and their way of evaluating the social and environmental impact of their projects. Critics state that even though IFC and MIGA have more of these standards than
4602-407: The medieval bridges of Margineda and Escalls among many others. The Catalan Pyrenees were embryonic of the Catalan language at the end of the 11th century. Andorra was influenced by this language, which was adopted locally decades before it expanded to the rest of the Crown of Aragon. The local economy during the Middle Ages was based on livestock, agriculture, furs and weavers. Later, at
4680-469: The national consciousness of the valleys was exposed in the romantic work during the Peninsular War. In 1933 France occupied Andorra following social unrest which occurred before elections due to the Revolution of 1933 and the FHASA strikes (Vagues de FHASA); the revolt led by Joves Andorrans (a labour union group related to the Spanish CNT and FAI ) called for political reforms, the universal suffrage vote of all Andorrans and acted in defense of
4758-420: The number of organizations in which they participate: Non-members are Andorra , Cuba , Liechtenstein , Monaco , Palestine , the Holy See ( Vatican City ), Taiwan, and North Korea , of which Andorra is the only IMF member state did not join WBG. The Republic of China joined the World Bank on December 27, 1945. After the Chinese Civil War , the government fled to Taiwan and continued its membership in
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#17327904282304836-414: The official language, Catalan. Romantic authors from France and Spain reported the awakening of the national consciousness of the country. Jacint Verdaguer lived in Ordino during the 1880s where he wrote and shared works related to the Renaixença with writer and photographer Joaquim de Riba . In 1848, Fromental Halévy had premiered the opera Le val d'Andorre to great success in Europe, where
4914-435: The oil, gas, and mining sectors, the World Bank in July 2001 launched an independent review called the Extractive Industries Review (EIR—not to be confused with Environmental Impact Report ). The review was headed by an "Eminent Person", Emil Salim (former Environment Minister of Indonesia). Salim held consultations with a wide range of stakeholders in 2002 and 2003. The EIR recommendations were published in January 2004 in
4992-404: The political organization of the country named the figure of the syndic (now spokesman and president of the parliament) as representative of the Andorrans to their co-princes, making possible the creation of local departments (comuns, quarts and veïnats). After being ratified by Bishop Francesc Tovia and Count John I , the Consell de la Terra or Consell General de les Valls (General Council of
5070-409: The poorest countries. Loans or grants for specific projects are often linked to wider policy changes in the sector or the country's economy as a whole. For example, a loan to improve coastal environmental management may be linked to the development of new environmental institutions at national and local levels and the implementation of new regulations to limit pollution. Furthermore, the World Bank Group
5148-429: The populace was divided over the Qüestió d'Andorra – the "Andorran Question" in relation to the Eastern Question . The struggles continued between pro-bishops, pro-French, and nationalists based on the troubles of Canillo in 1882 and 1885. Andorra participated in the cultural movement of the Catalan Renaixença . Between 1882 and 1887, the first academic schools were formed where trilingualism coexisted with
5226-602: The protection of its sovereignty. Andorra was relatively unscathed by the two world wars and the Spanish Civil War. Certain groups formed to help victims of oppression in Nazi -occupied countries, while participating in smuggling to help Andorra survive. Among the most prominent was the Hostal Palanques Evasion Network Command, which, in contact with the British MI6 , helped almost 400 fugitives, among whom were Allied military personnel. The Command remained active between 1941 and 1944, although there were struggles with pro-Axis informers and Gestapo agents in Andorra. In
5304-419: The region as a reference to the Biblical Canaanite valley of Endor or Andor (where the Midianites had been defeated), a name bestowed by his heir and son Louis the Pious after defeating the Moors in the "wild valleys of Hell". La Balma de la Margineda , found by archaeologists at Sant Julià de Lòria , was settled in 9,500 BCE as a passing place between the two sides of the Pyrenees. The seasonal camp
5382-477: The rights of local and foreign workers during the construction of FHASA's hydroelectric power station in Encamp . On 5 April 1933 Joves Andorrans seized the Andorran Parliament. These actions were preceded by the arrival of Colonel René-Jules Baulard with 50 gendarmes and the mobilization of 200 local militias or sometent led by the Síndic Francesc Cairat. On 6 July 1934, adventurer and nobleman Boris Skossyreff , with his promise of freedoms and modernization of
5460-403: The same for all countries but there are also additional votes that depend on financial contributions to the organization. The president of the World Bank is nominated by the president of the United States and elected by the bank's Board of Governors. As of 15 November 2009, the United States held 16.4% of total votes, Japan 7.9%, Germany 4.5%, the United Kingdom 4.3%, and France 4.3%. As changes to
5538-435: The so-called free market reform policies—which the bank advocates in many cases—in practice are often harmful to economic development if implemented badly, too quickly (" shock therapy "), in the wrong sequence, or in very weak, uncompetitive economies. World Bank loan agreements can also force procurements of goods and services at uncompetitive, non-free-market, prices. Other critical writers, such as John Perkins , label
5616-461: The sometent (popular militia or army) to deal with the rise of bandolerisme ( brigandage ) and the Consell de la Terra was defined and structured in terms of its composition, organization and competences current today. Andorra continued with the same economic system that it had during the 12th–14th centuries with a large production of metallurgy (fargues, a system similar to Farga Catalana) and with
5694-559: The world and an observer at the United Nations Development Group . The bank is headquartered in Washington, D.C. , in the United States . It provided around $ 98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for
5772-426: Was an important smuggling route between Vichy France and Francoist Spain. Many Andorrans criticized the passivity of the General Council for impeding both the entry and expulsion of foreigners and refugees, committing economic crimes, reducing the rights of citizens and sympathy with Francoism . General Council members justified the council's political and diplomatic actions as necessary for Andorra's survival and
5850-548: Was arrested by the Co-Prince and Bishop Justí Guitart i Vilardebó and their authorities on 20 July and ultimately expelled from Spain . From 1936 until 1940, a French military detachment of Garde Mobile led by well-known Colonel René-Jules Baulard was garrisoned in Andorra to secure the principality against disruption from the Spanish Civil War and Francoist Spain and also face the rise of Republicanism in
5928-503: Was formed by a charter in 1278 . It is currently headed by two co-princes: the Bishop of Urgell in Catalonia , Spain, and the president of France . Its capital and largest city is Andorra la Vella . Andorra is the sixth-smallest state in Europe , with an area of 468 square kilometres (181 sq mi) and a population of approximately 79,034. The Andorran people are a Romance ethnic group closely related to Catalans . Andorra
6006-678: Was perfectly located for hunting and fishing by the groups of hunter-gatherers from Ariege and Segre . During the Neolithic , a group of people moved to the Valley of Madriu (the present-day Natural Park located in Escaldes-Engordany declared UNESCO World Heritage Site ) as a permanent camp in 6640 BCE. The population of the valley grew cereals, raised domestic livestock, and developed commercial trade with people from Ségre and Occitania . Other archaeological deposits include
6084-728: Was the promotion of Catalan writings in Andorra, with cultural works such as the Book of Privileges ( Llibre de Privilegis de 1674 ), Manual Digest (1748) by Antoni Fiter i Rossell or the Polità andorrà (1763) by Antoni Puig. After the French Revolution , Napoleon I reestablished the Co-Principate in 1809 and removed the French medieval title. In 1812–1813, the First French Empire annexed Catalonia during
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