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About The World Bank
The World Bank is one of the worlds largest sources of funding and knowledge to support governments of member countries in their efforts to invest in schools and health centers, provide water and electricity, fight disease and protect the environment.
The World Bank is not a bank in the common sense. The World Bank is an international organization owned by the 184 countries ¾ both developed and developing ¾ that are its members.
Since it was set up in 1944 as the International Bank for Reconstruction and Development. The number of member countries increased sharply in the 1950s and 1960s, when many countries became independent nations. As membership grew and their needs changed, the World Bank expanded and is currently made up of five different agencies.
All support to a borrowing country is guided by a single strategy that the country itself designs with help from the World Bank and many other donors, aid groups, and civil society organizations.
The World Bank is not a bank in the common sense. The World Bank is an international organization owned by the 184 countries ¾ both developed and developing ¾ that are its members.
Since it was set up in 1944 as the International Bank for Reconstruction and Development. The number of member countries increased sharply in the 1950s and 1960s, when many countries became independent nations. As membership grew and their needs changed, the World Bank expanded and is currently made up of five different agencies.
All support to a borrowing country is guided by a single strategy that the country itself designs with help from the World Bank and many other donors, aid groups, and civil society organizations.
