World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group, which is part of the United Nations system.

The World Bank's official goal is the reduction of poverty. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of Capital investment.

World Bank Group

The World Bank is not to be confused with the World Bank Group, an extended family of five international organizations:

  • International Bank for Reconstruction and Development (IBRD)
  • International Development Association (IDA)
  • International Finance Corporation (IFC)
  • Multilateral Investment Guarantee Agency (MIGA)
  • International Centre for Settlement of Investment Disputes (ICSID)
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    Latest News for: world bank

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    Sri Lanka's economy grows 5 pct in 2024, exceeding World Bank projections

    Xinhua 23 Apr 2025
    COLOMBO, April 23 (Xinhua) -- Sri Lanka's economy has made a remarkable recovery with 5 percent growth in 2024, outpacing the growth expectations of 4.4 percent, the World Bank said on Wednesday in its bi-annual Sri Lanka Development Update.
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    World Bank affirms its readiness to support Syria

    Syrian Arab News Agency 23 Apr 2025
    Washington, SANA- World Bank’s Vice President for the Middle East and North Africa, Ousmane Dione, affirmed the bank’s readiness to support the Syrian people in the ...
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    IMF and World Bank chiefs need to earn US trust, says Bessent

    Business Day 23 Apr 2025
    Bessent told reporters that no decision has been made on whether to proceed with a $4bn pledge to the World Bank’s fund for the poorest countries, the International Development Association, made last year by then-President Joe Biden.
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    Lebanon moves forward with $250M World Bank loan to reform power sector — the details

    LBC International 23 Apr 2025
    The World Bank has repeatedly called for reform due to mounting financial losses and has required a set of changes as a condition for providing a development loan ... The World Bank considers this step ...
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    IMF, World Bank need to be 'fit for purpose:' US Treasury chief says

    LBC International 23 Apr 2025
    The International Monetary Fund and World Bank "must be made fit for purpose again," U.S ... He added that the World Bank should ...
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    Bessent assails IMF and World Bank and says there's an 'opportunity for a big deal' ...

    Beaumont Enterprise 23 Apr 2025
    to withdraw from the IMF and the World Bank as some conservatives have advocated.
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    US Treasury chief urges IMF, World Bank to focus on 'founding missions'

    Anadolu Agency 23 Apr 2025
    US Treasury Secretary Scott Bessent urged the International Monetary Fund (IMF) and the World Bank to refocus on their founding missions on Wednesday and expressed a willingness to work with them as long as they remain true to their missions.
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    World Bank cuts India’s FY26 growth aim; IMF sees world leaning on New Delhi

    The Times of India 23 Apr 2025
    The World Bank has revised India's economic growth forecast for FY26 to 6.3%, citing ...
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    Donohoe to visit Washington for IMF, World Bank meetings

    RTE 23 Apr 2025
    Minister for Finance Paschal Donohoe is to travel to Washington DC for the 2025 Spring Meetings of the International Monetary Fund and World Bank.
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    US Treasury Secretary Bessent accuses IMF and World Bank of ‘mission creep’ – What is ...

    Cryptopolitan 23 Apr 2025
    US Treasury Secretary Scott Bessent asked the International Monetary Fund and the World Bank to get back to their core missions of developing economies and maintaining macroeconomic stability ... Bessent says that the World Bank should be tech-neutral.
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    Bessent assails IMF and World Bank and says there's an 'opportunity for a big deal' with China

    Detroit news 23 Apr 2025
    Although Bessent said the IMF and the World Bank are “falling short,” he stopped short of calling for the U.S ... Bessent's speech in Washington represented a broadside against the IMF and the World Bank, ...
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    Bessent assails IMF and World Bank and says there’s an ‘opportunity for a big deal’ ...

    Daily Freeman 23 Apr 2025
    Although Bessent said the IMF and the World Bank are “falling short,” he stopped short of calling for the U.S ... Bessent’s speech in Washington represented a broadside against the IMF and the World Bank, ...
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    "Lower tariffs are good for everybody": World Bank president

    The Star 23 Apr 2025
    WASHINGTON, April 22 (Xinhua) -- World Bank Group President Ajay Banga said Tuesday that lower tariffs are good for everybody, while noting that he has seen increased inter-regional trade and bilateral trade in recent years. Read full story ... .
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    Insights丨Fmr. World Bank VP warns U.S. "reciprocal tariffs" may trigger inflation and growth deceleration

    ECNS 23 Apr 2025
    During an exclusive interview with China News Network, Otaviano Canuto, Senior fellow at the Policy Center for the New ...
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    World Bank lowers India's FY26 growth forecast to 6.3%

    The Hindu 23 Apr 2025
    World Bank lowers India’s growth forecast to 6.3% amid global economic weakness and policy uncertainty, impacting South Asia’s growth ....

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