Bank of the People Montreal in 1840. Until 1835, every bank in Upper Canada required a legislated charter which established it as a legal person able to sue, and be sued at law. Only two Banks had been chartered: the Bank of Upper Canada and the Commercial Bank of the Midland District. Both banks were controlled by the "Family Compact" who used their control of the currency supply and credit to control trade and ultimately, the farmers. They had a "licensed monopoly" to print paper money, which reduced competition. In 1835, Dr Charles Duncombe, a Reform politician in the Legislative Assembly, was part of
India and the World Bank progress and provide guidance to the local authorities. The World Bank initially started to finance the program in 2004. The World Bank Group agreed on an additional USD 500million loan to finance the PMGSY in May 2018 and now has invested USD 1.8billion into the program. The program has converted around 35,000 km of rural roads to all-weather roads to the benefit of 8 million people. India and the World Bank The cooperation between the World Bank and India goes back to the foundation of the International Bank of Reconstruction and Development in 1944. As one of 44 countries, India