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 aid their economic advancement. Learn about its history, structure, activities, and examples of its projects in education, health, and immunization.
Jul 5, 2024 · 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.
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 a global partnership of five institutions that work for sustainable solutions to reduce poverty and boost shared prosperity in developing countries. It provides financing, policy advice, technical assistance, and knowledge to governments, private sector, and civil society.
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.”.
Jul 26, 2012 · The World Bank is an international development organization that lends money to low- and middle-income countries to reduce poverty and improve their economies. It is owned by 187 countries and has different parts that specialize in research, training, and investment.
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.
