What Is WORLD BANK?

WORLD BANK

The World Bank has 189 member countries

WORLD BANK is an international financial institution that provides loans and grants to countries to support development and poverty reduction efforts. It was founded in 1944 and is headquartered in Washington D.C., United States.

The World Bank is made up of two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD provides loans to middle-income countries and creditworthy low-income countries, while the IDA provides interest-free loans and grants to the world's poorest countries.

The World Bank's mission is to fight poverty and promote sustainable development by providing financial resources, technical assistance, and knowledge-sharing to its member countries. Its work focuses on several areas, including health, education, infrastructure, agriculture, and environmental sustainability.