World Bank

The World Bank is an international financial institution headquartered in Washington, D.C., that provides loans, grants, and technical assistance to low- and middle-income countries for development projects. It is part of the broader World Bank Group and is owned by its member governments, whose voting shares are weighted by capital contributions. Its work spans infrastructure, health, education, governance, and poverty-reduction programs, and it is also a major producer of development research and statistical data. The institution operates through arms including the International Bank for Reconstruction and Development and the International Development Association. Its lending conditions and project outcomes have been the subject of external review and public debate.