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World Bank
World Bank
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Also known as: International Bank, World Bank Group
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Last Updated: • Article History
Robert S. McNamara
Robert S. McNamara
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Category: History & Society
In full:
World Bank Group
Date:
1944 - present
Headquarters:
Washington, D.C.
Areas Of Involvement:
economic planning
finance
credit
technical assistance
sustainable development
Related People:
Paul Romer
Ellen Johnson Sirleaf
Mamphela Ramphele
Robert S. McNamara
Lawrence H. Summers
See all related content →

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World Bank, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. It also provides technical assistance and policy advice and supervises—on behalf of international creditors—the implementation of free-market reforms. Together with the International Monetary Fund (IMF) and the World Trade Organization, it plays a central role in overseeing economic policy and reforming public institutions in developing countries and defining the global macroeconomic agenda. Founded in 1944 at the UN Monetary and Financial ...(100 of 1301 words)

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