what is the world bank 
the world bank is an international organization dedicated to providing financing advice and research to developing nations to aid their economic advancement the bank predominantly acts as an organization that attempts to fight poverty by offering developmental assistance to middle and low income countries understanding the world bankthe world bank is a provider of financial and technical assistance to individual countries around the globe the bank considers itself a unique financial institution that sets up partnerships to reduce poverty and support economic development the world bank supplies qualifying governments with low interest loans zero interest credits and grants all to support the development of individual economies debt borrowings and cash infusions help with global education healthcare public administration infrastructure and private sector development the world bank also shares information with various entities through policy advice research and analysis and technical assistance it offers advice and training for both the public and private sectors examples of what the world bank doesthe world bank provides financing advice and other resources to developing countries in the areas of education public safety health and other areas of need often nations organizations and other institutions partner with the world bank to sponsor development projects in 2017 the world bank created the human capital project which seeks to help countries invest in and develop their people to be productive citizens and active contributors to their economy world leaders are urged to prioritize investments in education healthcare and social protections and in return they will realize a stronger economy full of healthy thriving adults the human capital project outlines how governments should invest in providing quality affordable childcare to support and improve child development increase women s access to better employment opportunities and increase economic growth to name a few to build human capital globally the world bank has identified several areas of focus the human capital index hci measurement and research and country engagement created in october 2018 the human capital index summarizes a nation s investments in its human capital specifically concerning health and education the index is used to identify what is lost from the lack of investments in human capital it also prompts leaders to think of how to remedy these deficiencies beyond analyzing human capital the world bank measures the effectiveness of a nation s educational and healthcare systems doing so helps them identify what should be continued and what should be changed it can also give insight on where to allocate resources country engagement requires a country to take a whole government approach to addressing factors that compromise human capital the nation its leaders and influencers band together to champion reducing poverty and increasing shared prosperity in april 2016 the world bank approved the national immunization support project for pakistan this project costing an estimated 377 41 million aims to increase the equitable distribution of vaccines to children ages 0 to 23 months the project consists of five components that are designed to enhance the country s vaccine distribution to the most vulnerable the first component creates a governance structure and addresses logistics monitoring and evaluation systems the second component involves performance planning and the alignment of skilled human resources the third component increases the awareness of and promotes the program among pakistan s citizens as well as addresses how their schools curriculum aligns with this initiative the fourth component makes it possible to obtain the necessary equipment to widely distribute vaccines and increase the supply chain for vaccines lastly the fifth component includes being able to expand the program s reach and enhance research and development in this field the learning for the future project was created to enhance children s readiness for school and the effectiveness of secondary instruction in specific kyrgyz republic communities the project consists of two components increasing the equitable access of early childhood education and improving the effectiveness of instruction in secondary education to meet these objectives the program establishes 500 community based kindergarten programs which will allow for the enrollment of 20 000 children to increase the effectiveness of instruction the project finances a training program for 500 new teachers and provides digital resources to complement existing learning resources e g textbooks the project also assesses how well students learn cognitively and non cognitively world bank financialsthe world bank is an organization rather than a bank therefore its financials are not comparable to traditional financial institutions within the organization operates different sectors the international bank of reconstruction and development ibrd the international development association ida the international finance corporation ifc and the multilateral investment guarantee agency miga as of 2022 the world bank has loaned the most money 38 26 billion to india the ibrd the original world bank loans money to creditworthy low income or middle income countries for the fiscal year ended june 30 2023 the ibrd recorded net interest revenues of 3 21 billion and allocable income of 1 31 billion its equity to loans ratio was 22 0 the ida issues credits or interest free loans to the poorest nations for the fiscal year ended june 30 2023 the world bank recorded an adjusted net income of 193 million and a deployable strategic capital dsc ratio of 24 1 which is the available capital divided by the capital needed to support the portfolio ifc provides funds and guidance to the private sector for the purpose of helping developing nations stay on a growth trajectory for the fiscal year ended june 30 2023 the world bank recorded net income gain of 672 million and a total comprehensive income gain of 1 386 million its capital utilization ratio cur ratio was 61 lastly miga insures investments to the poorest countries to help reduce poverty and improve the welfare of a nation s citizens for the fiscal year ended june 30 2023 miga recorded net interest revenues of 139 million for the fiscal year 2023 the world bank has distributed 38 57 billion in ibrd loans 26 6 billion in interest free loans or credits and 7 28 billion in grants history of the world bankthe world bank was created in 1944 out of the bretton woods agreement which was secured under the auspices of the united nations in the latter days of world war ii the bretton woods agreement included several components a collective international monetary system the formation of the world bank and the creation of the international monetary fund imf since their founding both the world bank and the international monetary fund have worked toward many of the same goals the original goals of both the world bank and imf were to support european and asian countries needing financing to fund post war reconstruction efforts both the world bank and imf outlasted the collective international monetary system which was central to the bretton woods agreement president nixon halted the bretton woods international monetary system in the 1970s however the world bank and imf remained open and continued to thrive on providing worldwide aid the world bank and imf are headquartered in washington d c the world bank has staff in more than 170 offices worldwide though titled as a bank the world bank is not necessarily a bank in the traditional chartered meanings of the word the world bank and its subsidiary groups operate within their own provisions and develop their own proprietary financial assistance products all with the same goal of serving countries capital needs internationally the world bank s counterpart the imf is structured more like a credit fund the differing in the structuring of the two entities and their product offerings allows them to provide different types of financial lending and financing support each entity also has several of its own distinct responsibilities for serving the global economy world bank structurethrough the years the world bank has expanded from a single institution to a group of five unique and cooperative institutional organizations known as the world banks or collectively as the world bank group the first organization is the international bank for reconstruction and development ibrd an institution that provides debt financing to governments that are considered middle income the second organization within the world bank group is the international development association ida a group that gives interest free loans to the governments of poor countries the international finance corporation ifc the third organization focuses on the private sector and provides developing countries with investment financing and financial advisory services the fourth part of the world bank group is the multilateral investment guarantee agency miga an organization that promotes foreign direct investments in developing countries the fifth organization is the international centre for settlement of investment disputes icsid an entity that provides arbitration on international investment disputes 