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.

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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

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Example Sentences

"My view, based on more than 40 years of experience with the World Bank is that the biggest beneficiary of world bank loans are these very large corporations — often multinational corporations," she said.

From Salon • Oct. 20, 2022

Around the world, bank accounts are rarely offered for free to people who can’t make large deposits.

From Slate • Dec. 23, 2019

In the fact-based world, bank profits and stocks are soaring.

From Seattle Times • Nov. 27, 2017

It would be a private world bank that would receive and that would lend local currencies for investment anywhere in the world.

From Time Magazine Archive

He reported the creation of a private world bank, the first of its kind, named the Transoceanic Development Corp.,

From Time Magazine Archive