World Bank

Backgrounder, Data & Statistics, News Service

Produced by World Bank

Last updated 2020

Region Global

World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.

They work in every major area of development, providing a wide array of financial products and technical assistance to help countries share and apply innovative knowledge and solutions to the challenges they face.

They are recognised as an authoritative source for data on a variety of newsworthy global development issues.