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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Apr 28, 2024 · The World Bank is an international organization that provides financing, advice, and research to developing nations to help advance their economies. The World Bank and International Monetary...
5 days ago · The World Bank is the world’s largest multilateral creditor institution, and as such many of the world’s poorest countries owe it large sums of money.
Apr 17, 2024 · The World Bank is an international group of 189 nations trying to provide financial assistance to developing countries to reduce poverty. They aim to improve these nations’ financial condition and Gross Domestic Product.
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.
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.
Jan 21, 2022 · to promote shared prosperity. to end extreme poverty. to increase the incomes of the poorest in each country. to reduce the number of people living in extreme poverty by at least three percent. The World Bank’s five institutions include: the Multilateral Investment Guarantee Agency or MIGA.
Mar 4, 2021 · The World Bank provides financial and technical support to developing countries. It offers low-interest loans, interest-free credit, and grants.
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.
With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.
According to ft.com/lexicon, the World Bank is an: “International organisation, created under the Bretton Woods agreement, that focuses on providing financial aid to developing countries, normally targeting public works and other essential capital or social projects.” In the 1960s its focus changed.
