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

It has taken a $380 million World Bank loan to build schools, hospitals, and sanitary facilities in crowded camps and host communities.

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Remittances from hundreds of thousands of Kyrgyz labour migrants in Russia make up around a quarter of Kyrgyzstan's GDP, according to the World Bank.

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The backdrop of skyscrapers and shiny office towers was a stark reminder of the gulf separating rich and poor in South Africa, which the World Bank ranks as the most unequal country on the planet.

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Remittances were worth almost 15 percent of GDP in 2023, according to the World Bank, and nearly doubled over the following year, "indicating expanding commercial activities", said the Somali National Bureau of Statistics.

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Bolivia's economy is in recession, according to the World Bank.

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