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. [5] 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 . World Bank The World Bank Group building in Washington, D.C. Formation July 1944 ; 76 years ago Type Monetary International Financial Organization Legal status Treaty Headquarters 1818 H Street NW, Washington, D.C. , U.S. [1] Membership 189 countries (IBRD) [2] 173 countries (IDA) [2] Key people David Malpass ( President ) [3] Anshula Kant ( MD and CFO ) Carmen Reinhart ( Chief Economist , 15 June 2020) [4] Parent organization World Bank Group Website www .worldbank .org
Giving reviews about major international organizations