World Bank

Also known as World Bank, WB, The World Bank, WB

international financial institution

AI overview

The World Bank is an international financial institution that provides loans and financial assistance to countries around the world. It matters because it helps fund development projects and economic growth, particularly in lower-income nations that need capital for infrastructure, education, and other investments.

AI-generated from the Wikipedia summary — may contain errors.

Research organization · ROR

Type: Funder, Other
Founded: 1944
Location: Washington, United States
Status: Active

Website →Wikipedia →ROR →

GRID grid.431778.e · ISNI 0000 0004 0482 9086

Official website

Группа Всемирного банка

Группа Всемирного банка, объединяющая 189 стран, представляет собой уникальное глобальное партнерство, которое, применяя устойчивые решения, борется с бедностью во всем мире.

vsemirnyjbank.org →

Link to the official site · 17,304 chars · not written by Vinony

Wikidata facts

Official website: www.banquemondiale.org
Image: World Bank building at Washington.jpg
Motto: Working for a World Free of Poverty

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Commons category: World Bank
inception: 1945-12-27
short name: BM
P6413: World Bank
social media followers: 418000
street address: 1818 H Street NW, Washington, DC 20433, USA
official blog URL: blogs.worldbank.org

Sources (15)

via Wikidata · CC0

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Article

The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. The group is the largest development bank in the world. It is headquartered in Washington, D.C., in the United States. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Historically, within the group, the IBRD and IDA were collectively known as the World Bank due to their emphasis on global lending.

The World Bank was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. Initially, its loans helped rebuild countries devastated by World War II. Over time, it has shifted its focus to development, with a stated mission of eradicating extreme poverty and boosting shared prosperity. It has been criticized for it's structural adjustment programs, governence, environmental record, and policies detrimental to the social welfare.