World Bank Group
The World Bank, part of the World Bank Group, provides essential financial and technical assistance to developing nations to combat poverty. It comprises two main institutions: the International Bank for Reconstruction and Development (IBRD), which focuses on middle-income and creditworthy countries, and the International Development Association (IDA), which targets the poorest nations. Supported by entities like the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), the World Bank offers low-interest loans, interest-free credits, and grants for initiatives in education, health, infrastructure, and environmental management. Together, they strive for inclusive and sustainable globalization, addressing both immediate and long-term developmental needs.
