Investopedia

Continue to Site »

The World Bank

Filed Under » , ,
Dictionary Says

Definition of 'The World Bank'

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

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.

Articles Of Interest

  1.

    What Is The World Bank?

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

  2. How Basel 1 Affected Banks

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

  3. Is It Time to Invest in Australia?

    Australia a country rich in natural resources and one increasingly gaining attention from investors. Is it time to put some of your international allocation to work in Australia?

  4. How do NGOs get funding?

    A non-governmental organization (NGO) is a non-profit, citizen-based group that functions independently of government. NGOs are organized on local, national and international levels to serve ...

  5. The Impact Of Mark Carney Leaving Bank Of Canada To Take Over Bank Of England

    Canada's loss is the U.K.'s gain, as Mark Carney goes overseas to take over the Bank of England.

  6. Quantitative Easing

    Learn more about this monetary policy employed by central banks.

  7. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  8. An Evaluation Of Emerging Markets

    Get the full story on this asset class before you write it off as too risky.

  9. 5 Eurozone Acronyms Explained

    Confused by all of the new acronyms used by the media to describe the European debt crisis? We can help.

  10. How A Eurasian Union Could Control The World's Energy

    Putin recently said that he wanted to form a Eurasian Union. What would this union look like and what affect would it have on the global economy?
comments powered by Disqus
Marketplace
Hot Definitions

  1. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  2. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  3. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  4. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  5. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  6. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
Trading Center
Array ( )
taggroups(for debug only):
Array ( [0] => Economy And Economics [1] => Markets [2] => Banking )