The World Bank


DEFINITION of 'The World Bank'

An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement.

BREAKING DOWN '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.

  1. International Monetary Fund - IMF

    An international organization created for the purpose of standardizing ...
  2. U.S. House Financial Services Committee

    The congressional committee responsible for monitoring, writing ...
  3. Newly Industrialized Country - ...

    A term used by political scientists and economists to describe ...
  4. Agricultural Sector Investment ...

    A World Bank program focused on agricultural development in Africa. ...
  5. World Trade Organization - WTO

    An international organization dealing with the global rules of ...
  6. Globalization

    The tendency of investment funds and businesses to move beyond ...
Related Articles
  1. Stock Analysis

    Looking to Invest in China's Fast Food Industry? Try KFC

    Read about the fast food industry in China, and learn what makes KFC the dominant brand in a market poised for years of high growth.
  2. Entrepreneurship

    Jim Yong Kim Success Story: Net Worth, Education & Top Quotes

    Learn information about the life and success story of Jim Yong Kim, who rose from humble beginnings to become the head of the World Bank.
  3. Insurance

    What Is The World Bank?

    You've heard of the World Bank, now find out how it functions and why some groups oppose it.
  4. Personal Finance

    How Basel 1 Affected Banks

    This 1988 agreement sought to decrease the potential for bankruptcy among major international banks.
  5. Economics

    Is Wall Street Living in Denial?

    Will remaining calm and staying long present significant risks to your investment health?
  6. Markets

    What Slow Global Growth Means for Portfolios

    While U.S. growth remains relatively resilient, global growth continues to slip.
  7. Investing

    Is US Inflation Too Low?

    One reason the Fed has delayed its first rate hike: U.S. inflation has been persistently running below the stated 2 % level the central bank seeks to target.
  8. Stock Analysis

    Will There Be a Rate Hike in December?

    The odds of a rate hike just got bigger. Will it happen in December?
  9. Markets

    The Chinese Economy Needs More Stimulus

    China's central bank, the Peoples' Bank of China (PBoC), has cut its benchmark interest rate for the sixth time in 12 months, to a record low of 4.35%, casting doubt on the growth expectations ...
  10. Economics

    Why Jobs Reports No Longer Predict the Fed

    The Bureau of Labor Statistics’ employment report is thought to be one of the most important signals of major change in forthcoming U.S. monetary policy.
  1. When was the first swap agreement and why were swaps created?

    Swap agreements originated from agreements created in Great Britain in the 1970s to circumvent foreign exchange controls ... Read Full Answer >>
  2. What is the difference between International Monetary Fund and the World Bank?

    The primary difference between the International Monetary Fund, or IMF, and the World Bank lies in their respective purposes ... Read Full Answer >>
  3. Who decides to print money in Russia?

    The Central Bank of the Russian Federation (CBRF), like its peers in most countries, is the governmental entity responsible ... Read Full Answer >>
  4. How is the Federal Reserve audited?

    Contrary to conventional wisdom, the Federal Reserve is extensively audited. Politicians on the left and right of a populist ... Read Full Answer >>
  5. Who decides when to print money in the US?

    The U.S. Treasury decides to print money in the United States as it owns and operates printing presses. However, the Federal ... Read Full Answer >>
  6. How can the federal reserve increase aggregate demand?

    The Federal Reserve can increase aggregate demand in indirect ways by lowering interest rates. Aggregate demand is a measure ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Quick Ratio

    The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet ...
  2. Black Tuesday

    October 29, 1929, when the DJIA fell 12% - one of the largest one-day drops in stock market history. More than 16 million ...
  3. Black Monday

    October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning ...
  4. Monetary Policy

    Monetary policy is the actions of a central bank, currency board or other regulatory committee that determine the size and ...
  5. Indemnity

    Indemnity is compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability ...
  6. Discount Bond

    A bond that is issued for less than its par (or face) value, or a bond currently trading for less than its par value in the ...
Trading Center