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World Bank

World Bank
FormationJuly 1945
TypeInternational organization
Legal statusTreaty
PurposeCrediting
Membership
186 countries
President
Ajay Banga
Main organ
Board of Directors[1]
Parent organization
World Bank Group
Websitehttp://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).

  1. ↑ "Boards of Directors". World Bank.
  2. ↑ "About Us". World Bank. 2008-10-14. Archived from the original on 2012-05-27. Retrieved 2008-11-09.
  3. ↑ "Who We Are". World Bank. Retrieved 2022-04-25.

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