World Bank

Location: Washington, D.C., United States

Founded: 1944

Website: www.worldbank.org

The World Bank is an international financial institution that provides loans and grants to governments of low and middle-income countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

The World Bank's mission is to end extreme poverty and promote shared prosperity in a sustainable way. It provides financial and technical assistance to developing countries for development programs and projects.

The World Bank focuses on various development areas including education, health, infrastructure, agriculture, environmental sustainability, and governance. It conducts research, provides policy advice, and supports capacity building in developing countries.

Pakistan Business Forum® — Strategic Policy & Research Function collaborates with the World Bank on research initiatives, policy analysis, and knowledge exchange programs. This partnership enables the sharing of analytical insights, research methodologies, and policy perspectives related to economic development, governance, and institutional capacity building.