The World Bank
The World Bank was created at the end of World War II as a result of many European and Asian countries needing financing to fund reconstruction efforts. Created out of the Bretton Woods agreement of 1944, the Bank was successful in providing financing for these devastated countries. Today, the Bank functions as an international organization that attempts to fight poverty by offering developmental assistance to middle and poor-income countries. By giving loans, and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people help themselves.
Investment dictionary. Academic. 2012.
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(the) World Bank — the World Bank UK US economics an international organization that lends money to countries that are members of the United Nations http://www.macmillandictionary.com/med2cd/weblinks/world bank the.htm Thesaurus: types of bank and people who work… … Useful english dictionary
the World Bank — UK US noun BANKING, ECONOMICS ► an international organization that helps the economic development of poor countries: »The World Bank is funding tree plantations in Niger … Financial and business terms
the World Bank — UK / US economics an international organization that lends money to countries that are members of the United Nations … English dictionary
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