What is the world bank?

[alexie]

What exactly is the World Bank? I know it’s connected to global finance and development, but I’m not clear on its main purpose and how it helps countries. Can someone explain in simple terms?

 

[isabel]

The World Bank gives loans and support to developing countries to reduce poverty and boost growth. It mainly funds projects like roads, schools, and healthcare.

 

[robertwilliam]

The World Bank is an international development organization owned by 189 countries.

 

[Shane Warne]

The World Bank is an international financial institution that provides loans, grants, and expert advice to developing countries. Its goal is to reduce poverty, support infrastructure, promote economic growth, and improve living standards. It consists of the IBRD and IDA, working together to foster sustainable development worldwide.

 

[jainnorton]

The World Bank is an international financial institution that provides loans, grants, and technical assistance to developing countries. Its goal is to reduce poverty, support economic development, and improve infrastructure, education, healthcare, and sustainability worldwide through financial and advisory support.

 

[lara]

The World Bank is an international organization that helps developing countries eliminate poverty and foster long-term economic development. It lends money and provides expertise for initiatives in infrastructure, education, health, and environmental protection, assisting member nations in meeting their development objectives.