The World Bank

AAA

DEFINITION of 'The World Bank'

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

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. U.S. House Financial Services Committee

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

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

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

    An international organization dealing with the global rules of ...
  5. International Monetary Fund - IMF

    An international organization created for the purpose of: 1. ...
  6. Globalization

    The tendency of investment funds and businesses to move beyond ...
Related Articles
  1. What Is The World Bank?
    Insurance

    What Is The World Bank?

  2. How Basel 1 Affected Banks
    Personal Finance

    How Basel 1 Affected Banks

  3. Why do Bitcoins have value?
    Forex Education

    Why do Bitcoins have value?

  4. Fed's Discount Rate
    Economics

    Fed's Discount Rate

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center