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.