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This edition of the World Bank has been revised and expanded by the Terminology Unit in the Languages Services Division of the World Bank in collaboration with the English, Spanish, and French Translation Sections. The Glossary is intended to assist the Bank's translators and interpreters, other Bank staff using French and Spanish in their work, and free-lance translator's and interpreters employed by the Bank. For this reason, the Glossary contains not only financial and economic terminology and terms relating to the Bank's procedures and practices, but also terms that frequently occur in Bank documents, and others for which the Bank has a preferred equivalent. Although many of these terms, relating to such fields as agriculture, education, energy, housing, law, technology, and transportation, could be found in other sources, they have been assembled here for ease of reference. A list of acronyms occurring frequently in Bank texts (the terms to which they refer being found in the Glossary) and a list of international, regional, and national organizations will be found at the end of the Glossary.
This glossary supersedes Borrowing and Lending Terminology, which appeared in 1984 and adds considerably to those terms, to reflect both the substantial changes in the financial markets in the 1980s and how the Bank has profited from them. While the major references are to the US and Eurodollar markets, terminology will be found from most of the major world financial markets. Besides terminology used in the financial markets, this glossary also contains terms relating to the World Bank's current lending program, including the currency pool and the pool-based lending rate, banking, accounting, particularly ratios, as well as a few terms in the fields of economics and financial analysis.