World Bank
international financial institution / From Wikipedia, the free encyclopedia
The World Bank is an international bank that lends money and other help [2] to developing nations for infrastructure. The World Bank has the goal of reducing poverty.
Quick Facts Formation, Type ...
Formation | July 1945 |
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Type | International organization |
Legal status | Treaty |
Purpose | Crediting |
Membership | 186 countries |
President | Ajay Banga |
Main organ | Board of Directors[1] |
Parent organization | World Bank Group |
Website | http://www.worldbank.org/ |
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The World Bank is part of the World Bank Group. The World Bank is made up of only two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank Group has these two, but also three more:[3] International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).