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The World bank

Name
The World bank
The World bank

Overview

Established in 1944, the World Bank is headquartered in Washington, D.C. It has more than 9,000 employees in more than 100 offices worldwide. The World Bank is a vital source of financial and technical assistance to developing countries around the world. The World Bank Group offers loans, advice, and an array of customized resources to more than 100 developing countries and countries in transition.

The World Bank is not a “bank” in the common sense. It is one of the United Nations’ specialized agencies, and is made up of 184 member countries. These countries are jointly responsible for how the institution is financed and how its money is spent. Along with the rest of the development community, the World Bank centers its efforts on the reaching the Millennium Development Goals, agreed to by UN members in 2000 and aimed at sustainable poverty reduction.

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