The World Bank

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Since inception in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions namely The International Bank for Reconstruction and Development (IBRD), The International Development Association (IDA), International Finance Corporation (IFC), The Multilateral Investment Guarantee Agency (MIGA) and The International Centre for Settlement of Investment Disputes (ICSID).Its stated goal is to end extreme poverty within a generation and boost Prosperity.The Bank is currently involved in more than 1,800 projects in virtually every sector and developing country. The projects are as diverse as providing microcredit in Bosnia and Herzegovina, raising AIDS-prevention awareness in Guinea, supporting education of girls in Bangladesh, improving health care delivery in Mexico, and helping East Timor rebuild upon independence and India rebuild Gujarat after a devastating earthquake. 

 

In 2011 alone, the World Bank provided $46.9 billion for 303 projects in developing countries worldwide, with financial and technical expertise aimed at helping those countries reduce poverty.

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