Asian Development Bank
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- DictionaryWorld Bank/ˌwər(ə)ld ˈbaNGk/
- 1. an international banking organization established to control the distribution of economic aid among member nations, and to make loans to them in times of financial crisis.
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The World Bank Group is a global institution that provides loans, grants, and other forms of assistance to developing countries to end extreme poverty and boost shared prosperity. It consists of five organizations: IBRD, IDA, IFC, MIGA, and ICSID, and has a Development Economics Vice Presidency that provides intellectual leadership and analysis.
World Bank Group. Website. worldbank.org. 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. [5]
- July 7, 1944 (79 years ago)
- World Bank Group
- 189 countries (IBRD), 174 countries (IDA)
WHO WE ARE. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
- What Is The World Bank?
- Understanding The World Bank
- Examples of What The World Bank Does
- World Bank Financials
- History of The World Bank
- World Bank Structure
- The Bottom Line
The World Bank is an international organization dedicated to providing financing, advice, and research to developing nations to aid their economic advancement. The bank predominantly acts as an organization that attempts to fight poverty by offering developmental assistance to middle- and low-income countries.
The World Bank is a provider of financial and technical assistance to individual countries around the globe. The bank considers itself a unique financial institution that sets up partnerships to reduce poverty and support economic development. The World Bank supplies qualifying governments with low-interest loans, zero-interest credits, and grants,...
The World Bank provides financing, advice, and other resources to developing countries in the areas of education, public safety, health, and other areas of need. Often, nations, organizations, and other institutions partner with the World Bank to sponsor development projects.
The World Bank is an organization, rather than a bank. Therefore, its financials are not comparable to traditional financial institutions. Within the organization operates different sectors: the International Bank of Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), ...
The World Bank was created in 1944 out of the Bretton Woods Agreement, which was secured under the auspices of the United Nations in the latter days of World War II. The Bretton Woods Agreement included several components: a collective international monetary system, the formation of the World Bank, and the creation of the International Monetary Fun...
Through the years, the World Bank has expanded from a single institution to a group of five unique and cooperative institutional organizations, known as the World Banks or collectively as the World Bank Group. The first organization is the International Bank for Reconstruction and Development (IBRD), an institution that provides debt financing to g...
The World Bank is an international financial organization that provides funding to developing countries to support development. Financial assistance may come in the form of low-interest loans, zero-interest credits, or grants. The organization also provides policy advice and technical assistance to countries.
- Will Kenton
Apr 19, 2024 · World Bank, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
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 the world and an observer at the United Nations Development Group. [7] . The bank is headquartered in Washington, D.C., in the United States.
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