The World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of developing countries. Its main goal is to reduce poverty and promote sustainable economic growth by funding projects in areas like education, health, and infrastructure. The institution comprises two main parts: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). By supporting development initiatives, the World Bank aims to improve living standards and enhance opportunities for people in need around the world, ultimately contributing to global stability and prosperity.