The World Bank is an international financial assistance agency that provides loans for the development activities of developing countries [3] and grants. The World Bank's official goal is to eliminate global poverty alleviation. An international organization comprising 189 member states around the world. Its headquarters is located in Washington, D.C.
World Bank
World Bank logo
Established 1944 Type International Organization Legal Status Concerned Organization IdeasActive Transaction Status
Washington DC, USA
Membership
189 states [1] (IBRD)
173 states (IDA) President Jim Yong (since 2012) Chief Economist Romar (since 2016) The main body of directors [2] Main organizationWebbank GroupWebsite worldbank.org
According to the organization's Articles of Agreement (this amendment was made in 16 February 1989), facilitating foreign investment and international trade and ensuring investment of capital, these two objectives would be the main controller for the decision of the World Bank. [4] The World Bank consists of two organizations: International Bank for Reconstruction and Development (IBRD) and International Atika Development Organization (International Development Association, IDA). World Bank is one of the four members of the World Bank Group. The other three organizations are the International Finance Corporation, the IFC, the MIGA and the International Center for Settlement of Investment Disputes, ICSID[Link]