TheĀ World BankĀ is anĀ international financial institutionĀ that providesĀ loansĀ andĀ grantsĀ to the governments ofĀ low-Ā andĀ middle-income countriesĀ for the purpose of pursuing capital projects.Ā It comprises two institutions: theĀ International Bank for Reconstruction and DevelopmentĀ (IBRD), and theĀ International Development AssociationĀ (IDA). The World Bank is a component of theĀ World Bank Group.
The World Bank’s most recently stated goal is theĀ reduction of poverty.
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