The World Bank is an international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. Is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group, which is part of the United Nations system.

The World Bank Group is jointly owned by its 185 member country governments, but the donor countries hold greater power in making decisions about the Bank's policies and which projects it funds than borrower countries. The World Bank Group President is, and always has been, a U.S. citizen.

The World Bank has two stated goals that it aims to achieve by 2030. The first is to end extreme poverty by decreasing the amount of people living on less than $1.90 a day to below 3% of the world population. The second is to increase overall prosperity by increasing the income growth in the bottom 40% of the world's population.

Latest news on The World Bank & the Economy

FX Week Ahead - Top 5 Events: Q2'19 New Zealand GDP & NZD/USD Rate Forecast
The Q2'19 New Zealand GDP report will be released on Wednesday, September 18 at 22:45 GMT and forecasts suggest a slowing rate of growth.
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FX Week Ahead - Top 5 Events: September BOE Meeting & GBP/USD Rate Forecast
The September BOE meeting results will be released on Thursday, September 19 at 11:00 GMT, but with the Brexit talks ongoing, rates should stay on ...
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Container Shipping: Ship Sizes Keep Increasing Despite Stagnant Volume Growth
Despite this, spot rates continue to fall and are down 22.7% year-on-year, so that it costs USD 2,691 per FEU on 30 August to ship a container from ...
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Eddie Money Trumps Music Snobbery: Here's Why
Most of us probably spent much of the weekend listening to our favorite Eddie Money songs and albums. Inevitably, when a beloved musician dies, ...
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Eyeing opioid settlement money
Long before it became mired in the opioid crisis, Maryhaven operated a smoking-cessation program, and Big Tobacco was poised to cough up billions ...
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Anthony Bourdain's possessions will be auctioned off to raise money for his family
Anthony Bourdain's possessions will be auctioned off to raise money for his family. By Leah Asmelash, CNN. Updated 5:34 PM ET, Mon September 16 ...
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