World Bank

American  

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 British  

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

The World Bank suspended $5 billion in development funding, before restoring it last year after Uganda promised to prevent discrimination in its projects.

From The Wall Street Journal

As World Bank Chief Economist Indermit Gill wrote in a new report, that conclusion helped “stigmatize” industrial policy just as a leap forward in transport and communications technologies spurred a period of intense globalization.

From The Wall Street Journal

The situation elsewhere was not as clear-cut, said Stiglitz, who served as chief economist at the World Bank in the late 1990s after being the chairman of US president Bill Clinton's council of economic advisers.

From Barron's

Ramaphosa, whose country has been ranked by the World Bank as the most unequal on the planet, has said he will bring forward a motion on the IPI at the UN General Assembly.

From Barron's

Early on, when I was working at the World Bank, I saw firsthand the link between economic growth and investing in infrastructure.

From Barron's