World+Bank

The world bank is a financial institution which main goal is to fight poverty. The world bank is divided into two branches, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries. IDA instead focuses on the world's poorest countries. Together they provide low-interest loans,interest-free credits and grant to developing countries a wide choice of prposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The World Bank’s projects and operations are designed for low-income and middle-income countries’ poverty reduction strategies. Countries develop strategies around a range of reforms and investments to improve people’s lives from universal education to passable roads, from quality health care to improved governance and inclusive economic growth. The world bank was estabilished in 1944 and has its headquarters in Washington DC.