The World Bank is an international financial institution that provides funding, policy advice, and technical assistance to developing countries for development programs and poverty reduction. It is part of the World Bank Group, which includes several affiliated organizations such as the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
The organization supports governments in improving infrastructure, education, healthcare, environmental sustainability, and economic governance. It funds projects across sectors including energy, transportation, agriculture, water and sanitation, and digital transformation, with a focus on inclusive and sustainable growth.
The World Bank operates globally, working in over 100 countries, particularly in low- and middle-income regions. It emphasizes data-driven decision-making through its Open Data initiative and supports capacity building via research, publications, and knowledge-sharing platforms.
As a multilateral development bank, the World Bank collaborates with governments, private sector partners, and civil society organizations to address global challenges such as climate change, inequality, and post-conflict reconstruction. Its mission centers on ending extreme poverty and boosting shared prosperity on a livable planet.