The World Bank is an international organization that provides financial and technical assistance to low- and middle-income countries around the world. Founded in 1944, it is the largest international lender of money and plays a key role in developing sustainable solutions for developing countries.

Here are some of the key things you need to know about the World Bank:

Purpose:

• To fight poverty and improve living standards worldwide
• To promote sustainable development
• To promote poverty reduction and shared prosperity

Main Activities:

• Lending: Provides loans to low- and middle-income countries for projects in a variety of sectors, including infrastructure, education, health, and agriculture.
• Technical Assistance: Provides grants and technical assistance to help developing countries build capacity and implement development programs.
• Knowledge Sharing: Shares knowledge and best practices with developing countries through publications, training programs, and online resources.
• Private Sector Engagement: Partners with private sector companies to expand their impact and create jobs in developing countries.

Structure:

• Headquarters: Washington, D.C., USA
• Executive Board: 25 members, representing 53 countries
• Management Team: led by the President and Vice President

Key Challenges:

• Managing debt burden of developing countries
• Ensuring transparency and accountability
• Addressing climate change and its impact on developing countries
• Promoting sustainable development and reducing poverty

Overall, the World Bank is a major international organization that plays a significant role in helping developing countries improve their living standards and achieve sustainable development.

Here are some additional resources that you may find helpful:

• World Bank website: worldbank.org
• World Bank Data: data.worldbank.org
• World Bank Publications: pubdocs.worldbank.org
• World Bank Knowledge Hub: knowledgehub.worldbank.org