The World Bank

The World Bank is an international financial institution that provides loans and grants to countries for development projects. Its mission is to reduce poverty and promote sustainable development.

Institutions

The World Bank is composed of two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD provides loans to middle-income and creditworthy low-income countries, while the IDA provides interest-free loans and grants to the world's poorest countries.

Services

The World Bank also provides analytical and advisory services to its member countries, and works with other organizations to coordinate development efforts.

Sustainable Development Goals

One of the World Bank's major initiatives is the Sustainable Development Goals (SDGs), which are a set of 17 goals aimed at ending poverty, protecting the planet, and ensuring prosperity for all. The World Bank supports these goals through its lending programs and by working with governments and other partners to develop innovative solutions to development challenges.

Projects

Some examples of World Bank projects include:

• Providing support to small businesses in developing countries to help them grow and create jobs
• Developing infrastructure projects such as roads, schools and hospitals
• Supporting environmental projects to reduce carbon emissions and protect natural resources
• Helping countries to improve their governance and reduce corruption

Overall, the World Bank plays a critical role in promoting sustainable development and reducing poverty around the world.

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