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World Bank

Definition

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing development projects.

Related terms

International Monetary Fund (IMF): The IMF is an international organization that aims to promote global economic stability by providing financial assistance, policy advice, and technical expertise to its member countries during times of economic crisis.

Development Projects: These are initiatives undertaken by governments or organizations with the goal of improving living conditions, infrastructure, or economic opportunities in a specific region or country.

Poverty Alleviation: This term refers to efforts aimed at reducing or eliminating poverty through various means such as income redistribution, social programs, and economic development strategies.

"World Bank" appears in:

Subjects (5)

  • AP European History

  • AP US History

  • AP World History: Modern

  • Intro to Business

  • Intro to Political Science

Study guides (1)

  • AP Comparative Government - 5.5 International and Supranational Organizations

Practice Questions (1)

  • What is the purpose of conditionalities established by International Organizations like the World Bank and IMF?

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About Us

About Fiveable

Blog

Careers

Code of Conduct

Terms of Use

Privacy Policy

CCPA Privacy Policy

Resources

Cram Mode

AP Score Calculators

Study Guides

Practice Quizzes

Glossary

Cram Events

Merch Shop

Crisis Text Line

Help Center

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.