what is the purpose of the world bank 
the world bank is an organization that provides funds advice and research to developing nations to help advance their economy and combat poverty who owns the world bank no person organization government or nation owns the world bank it is an organization made up of member countries represented by a board of governors this board governs the organization creates policies and appoints executive directors the executive directors govern the bank s business and budget and grant loan approvals the president and managers manage the day to day operations 