The European Parliament (EP) is one of three legislative branches of the European Union and one of its seven institutions.Together with the Council of the European Union, it adopts European legislation, commonly on the proposal of the European Commission.The Parliament is composed of 705 members (MEPs). Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.It comprises the westernmost peninsulas of the continental landmass of Eurasia, and is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). Europe is commonly considered to be separated from Asia by the … The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. European Investment Bank: €555.8 billion ($606.5 billion) International Bank for Reconstruction and Development, World Bank Group: $283 billion Since its founding in 1944, the World Bank has evolved from a lender focused on European reconstruction to the preeminent international institution for economic development … The World Bank is a component of the World Bank Group.
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