World Bank

The World Bank is an international financial institution that provides loans to countries of the world for capital projects.

• The World Bank was created out of the Bretton Woods agreement, 1944, as a result of many European and Asian countries needing financing to fund reconstruction efforts.
• The IBRD and the International Development Association, IBRD’s concessional lending arm, are collectively known as the World Bank.
• The World Bank is a component of the World Bank Group, which is part of the United Nations system
• The World Bank's most recent stated goal is the End extreme poverty - reducing share of global population that lives ....