The World Bank is an international financial institution that provides leveraged loans to developing countries for capital programs. The World Bank has a stated goal of reducing poverty.
The World Bank comprises two institutions: the International Bank for Reconstruction and Development (http://www.worldbank.org/ibrd) (IBRD) and the International Development Association (http://www.worldbank.org/ida/) (IDA).
The World Bank sees five key factors necessary for economic growth and the creation of an enabling business environment:
- Build capacity: Strengthening governments and educating government officials.
- Infrastructure creation: implementation of legal and judicial systems for the encouragement of business, the protection of individual and property rights and the honoring of contracts.
- Development of Financial Systems: the establishment of strong systems capable of supporting endeavors from micro credit to the financing of larger corporate ventures.
- Combating corruption: Support for countries' efforts at eradicating corruption.
- Research, Consultancy and Training: the World Bank provides platform for research on development issues, consultancy and conduct training programs (web based, on line, tele-/video conferencing and class room based) open for those who are interested from academia, students, government and non-governmental organization (NGO) officers etc.
World Bank Website: http://www.worldbank.org