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World Bank
| Formation | July 1945 |
|---|---|
| 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/ |
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.
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).
- ↑ "Boards of Directors". World Bank.
- ↑ "About Us". World Bank. 2008-10-14. Archived from the original on 2012-05-27. Retrieved 2008-11-09.
- ↑ "Who We Are". World Bank. Retrieved 2022-04-25.
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