The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development projects, poverty reduction, and capacity building. Its primary goal is to reduce poverty and promote shared prosperity by supporting sustainable economic growth and development. The World Bank Group consists of five institutions: 1. International Bank for Reconstruction and Development (IBRD): The IBRD provides loans and credits to middle-income and creditworthy low-income countries for development projects, infrastructure, and other investments. It aims to promote economic development and reduce poverty by financing projects that generate positive social and economic impacts. 2. International Development Association (IDA): The IDA is the concessional arm of the World Bank Group. It provides grants and low-interest loans to the world's poorest countries, which often face significant development challenges and have limited access to finan...
Welcome to Hayat Ashraf IAS Mentorship Program