The
World Bank is a group of
international organizations responsible for providing finance to countries for purposes of development and to alleviate [balance of payments problem]
?s.
The World Bank comprises:
- International Bank for Reconstruction and Development (IBRD), often called simply the "World Bank", responsible for providing finance for development
- International Monetary Fund (IMF), responsible for providing finance to alleviate balance of payments problems
- International Center for the Settlement of Investment Disputes (ICSID), responsible for settling disputes between governments and foreign investors
- International Development Association (IDA), responsible for ???
The World Bank is headquatred in Washington, D.C.. The World Bank organizations are sometimes called the Bretton-Woods institutions, after [Bretton Woods, MA]?, where the international conference that led to their establishment was held.
See also: [European Bank for Reconstruction and Development]?, [Bank for International Settlements]?