World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs.

The World Bank's official goal is the reduction of poverty. According to the World Bank's Articles of Agreement (as amended effective 16 February 1989), all of its decisions must be guided by a commitment to promote foreign investment, international trade, and facilitate capital investment.

The World Bank differs from the World Bank Group, in that the World Bank comprises only two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), whereas the latter incorporates these two in addition to three more: International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).

Read more about World BankHistory, Leadership, List of Chief Economists, Members, Poverty Reduction Strategies, Global Partnerships and Initiatives, Country Assistance Strategies, Clean Air Initiative, United Nations Development Business, Open Data Initiative, Criticisms

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... In Pakistan the central bank's foreign currency reserves, when counting forward liabilities is said to only amount to as little as $3 billion ... led the Pakistani delegation to IMF-World Bank meeting in USA with a hope to obtain a loan from the World Bank which has been stopped now due to reservations from IMF on World ...
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... The World Bank requires sovereign immunity from countries it deals with ... and security by the people." As the United States has veto power, it can prevent the World Bank from taking action against its interests ...

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