World Bank
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Not to be confused with World Bank Group.
World Bank
World Bank logo
Motto Working for a World Free of Poverty
Formation July 1944; 72 years ago
Type Monetary International Financial Organization
Legal status Treaty
Purpose Crediting
Headquarters Washington, D.C., United States
Membership
189 countries (IBRD)[1]
173 countries (IDA)[1]
Key people
Jim Yong Kim, president
Parent organization
World Bank Group
Website worldbank.org
The World Bank is an international financial institution that provides loans[2] to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group, which is part of the United Nations system.
The World Bank's official goal is the reduction of poverty. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of Capital investment.[3][4]
https://en.wikipedia.org/wiki/World_Bank
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