WFinance glossary

World Bank

Quick definition

An international financial institution for development.

Overview

The World Bank is an international financial institution that provides loans and advice to support economic development and reduce poverty in developing countries.

Common uses

  • Funding development projects
  • Technical assistance
  • Promoting economic reform

Examples of use in small businesses

  • Taking part in development programmes
  • Access to resources and expertise
  • Contributing to local initiatives
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