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 is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference.
Jul 5, 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.
Apr 28, 2024 · The World Bank is an international organization dedicated to providing financing, advice, and research to developing nations to aid economic advancement.
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.
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.
Jul 26, 2012 · The World Bank is an international development organization owned by 187 countries. Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people.
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.
Jan 21, 2022 · The World Bank works to put an end to poverty across the world. In fact, one of its missions is to end poverty for the lowest forty percent of those considered impoverished. The World Bank offers loans focused on developmental assistance in low- to middle-income countries.
World Bank, Specialized agency of the United Nations system, established at the Bretton Woods Conference for postwar reconstruction. It is the principal international development institution.
World Bank, international organization affiliated with the United Nations 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.
