The World Bank: A Comprehensive Guide to the Global Development Lender

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. Founded at the 1944 Bretton Woods Conference, it comprises five distinct organizations and aims to reduce poverty and support development. This article explores its history, structure, operations, and the significant impact—both positive and negative—it has had on the global economy.