The World Bank Group

The World Bank Group, established in 1944 and headquartered in Washington, D.C., is an international financial institution that provides critical financial and technical assistance to developing countries. It comprises five organizations, including the International Bank for Reconstruction and Development and the International Development Association, which collectively focus on poverty reduction and sustainable development. The World Bank Group offers low-interest loans, interest-free credits, and grants to support a variety of sectors such as education, health, public administration, infrastructure, agriculture, and environmental management. Its activities often involve collaboration with governments, multilateral institutions, and the private sector to co-finance projects and manage initiatives addressing diverse developmental needs. Additionally, the organization provides analytical and advisory services, capacity-building support, and risk management products to enhance the effectiveness of its assistance. With over 10,000 employees in more than 120 offices worldwide, the World Bank Group plays a significant role in fostering economic growth and improving living conditions in the world’s poorest regions.