The World bank - The World bank Established in 1944, the World
Bank is headquartered in Washington, D.C. It has more than 9,000
employees in more than 100 offices worldwide. The World Bank is
a vital source of financial and technical assistance to
developing countries around the world. The World Bank Group
offers loans, advice, and an array of customized resources to
more than 100 developing countries and countries in transition.
The World Bank is not a “bank” in the common sense. It is one of
the United Nations’ specialized agencies, and is made up of 184
member countries. These countries are jointly responsible for
how the institution is financed and how its money is spent.
Along with the rest of the development community, the World Bank
centers its efforts on the reaching the Millennium Development
Goals, agreed to by UN members in 2000 and aimed at sustainable
poverty reduction.