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World Bank

international organization
Also known as: International Bank, World Bank Group
Written by
Michel Chossudovsky
Professor of Economics, University of Ottawa, Ontario, Canada, and director of the Centre for Research on Globalization. Author of The Globalisation of Poverty and the New World Order and others.
Michel Chossudovsky
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Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree....
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World Bank, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries. It also provides technical assistance and policy advice and supervises—on behalf of international creditors—the implementation of free-market reforms. Together with the International Monetary Fund (IMF) and the World Trade Organization, it plays a central role in...

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