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The World Bank

The World Bank

The World Bank is an international financial institution that provides financial and technical assistance to developing countries around the world and aims to fight poverty and improve the living standards of people in the developing world.

The World Bank comprises two institutions managed by 188 member countries: (i) the International bank for Reconstruction and Development (IBRD), which aims to reduce poverty in middle-income countries and (ii) the International Development Association (IDA), which focuses exclusively on the world’s poorest countries. The World Bank’s portfolio in the region includes numerous projects on agriculture, social sectors, urban development, water and sanitation and the environment.