World Bank
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| - | The '''gross world product (GWP)''' is the combined [[gross national product]] of all the [[List of countries|countries]] in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global [[gross domestic product]] (GDP). | + | |
| + | The '''World Bank''' is an [[international financial institution]] that provides loans to [[country|countries]] of the world for [[infrastructure|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]]'''. | ||
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| + | The World Bank's stated official goal is the [[poverty alleviation|reduction of poverty]]. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of [[Foreign direct investment|foreign investment]] and [[international trade]] and to the facilitation of [[capital investment]]. | ||
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| ==See also== | ==See also== | ||
| - | *[[World economy]] | + | *[[Democracy Ranking]] |
| - | *[[World population]] | + | *[[Energy Sector Management Assistance Program]] (ESMAP) |
| - | *[[World bank]] | + | *[[BRICS Development Bank]] |
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Revision as of 13:31, 21 October 2017
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The World Bank is an international financial institution that provides loans to countries of the world 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.
The World Bank's stated official goal is the reduction of poverty. However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.
See also
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