Founded in 1944 at the Bretton Woods Conference, The World Bank is a vital source of financial and technical assistance to developing countries around the world. Its mission is to end extreme poverty and promote shared prosperity in a sustainable way. The term "World Bank" refers specifically to two of the five institutions of the World Bank Group: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It provides loans, grants, and credits, as well as policy advice and research, to support a wide array of investments in areas such as education, health, public administration, infrastructure, and private-sector development.

Founded in

United States