World Bank

noun

1. an international bank established in 1944 to help member nations reconstruct and develop, especially by guaranteeing loans: a specialized agency of the United Nations.

World Bank

noun

1. Officially called: International Bank for Reconstruction and Development. an international cooperative organization established in 1945 under the Bretton Woods Agreement to assist economic development, esp of backward nations, by the advance of loans guaranteed by member governments

Example Sentences

Despite rich natural resources, nearly three quarters of Madagascar's population of 32 million lived below the poverty line in 2022, according to World Bank figures.

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Seychelles has the highest wealth per capita in Africa -- around $18,000 according to the World Bank -- but is vulnerable to climate change and faces widespread drug addiction.

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In 2024 direct credit to the Argentine private sector by banks was, according to the World Bank, a mere 13% of gross domestic product.

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Just 10% of Kenyan workers have formal jobs, meaning millions, especially young people, are scratching out a living on the edges of the economy, according to the World Bank.

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Critics say large sports-related investments don’t meet the urgent needs of most Rwandans; 40% of the country’s 14 million people live in poverty, according to the World Bank.

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