World Bank definitions
| Word backwards | dlroW knaB |
|---|---|
| Part of speech | The word "World Bank" is a noun. |
| Syllabic division | The syllable separation of the word "World Bank" is as follows: World (1 syllable) Bank (1 syllable) |
| Plural | The plural of the word "World Bank" is "World Banks." |
| Total letters | 9 |
| Vogais (2) | o,a |
| Consonants (7) | w,r,l,d,b,n,k |
The World Bank is an international financial institution that provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects.
Established in 1944, the World Bank is headquartered in Washington, D.C. and is a component of the World Bank Group.
Key Objectives
The primary focus of the World Bank is to reduce poverty by providing financial and technical assistance to developing countries for development projects.
Types of Assistance
The World Bank provides financial products such as loans, grants, and credits to help countries implement projects that aim to improve the living standards of their people.
Organizational Structure
The World Bank Group consists of five institutions, with the main two being the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Impact
Since its establishment, the World Bank has played a significant role in providing financial support to countries in need, helping to build infrastructure, improve healthcare and education systems, and promote sustainable development.
Overall, the World Bank continues to be a vital player in the global economy, working towards its goal of ending extreme poverty and promoting shared prosperity.
poverty development World Bank internationalWorld Bank Examples
- The World Bank announced a new initiative to support small businesses in developing countries.
- Many countries rely on funding from the World Bank for infrastructure projects.
- The World Bank's report highlighted the importance of investing in education for economic growth.
- The World Bank president will be speaking at the international conference next week.
- Experts at the World Bank are studying the effects of climate change on global economies.
- The World Bank provided a loan to the government to improve healthcare services in rural areas.
- Investors are closely watching the recommendations of the World Bank for market insights.
- The World Bank's research shows a correlation between poverty rates and access to clean water.
- Developing nations often collaborate with the World Bank on sustainable development projects.
- The World Bank's annual meeting will be held in Washington, D.C. this year.