World Bank
International organization providing financial and technical assistance to nations.
Detailed Description
World Bank
What are the two main institutions that comprise the World Bank?
The two main institutions are the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
When was the World Bank established?
The World Bank was established in 1944.
What is the primary goal of the World Bank?
The primary goal of the World Bank is to reduce poverty and enhance shared prosperity.
How does the World Bank raise funds?
The World Bank raises funds through the issuance of bonds in the international financial markets.
What criticisms has the World Bank faced?
The World Bank has faced criticism for adverse social and environmental impacts of projects and for favoring wealthy countries in its governance structure.