"World Bank"

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The World Bank is an international financial banking institution providing loans and credit for infrastructure development in developing countries. The bank provides a response to a market failure with which developing countries are not subject to investment from the private market due to a high risk of investment in these countries. Like most banks for global development, the World Bank retains adversity on the AAA credit rating.

ownership
The bank is owned by the 189 member states, when the voting force is determined by the relative share of the bank shares acquired (every country is entitled to purchase a defined amount of shares, which is determined by its economic data). The bank employs over 10,000 employees from around 160 different nationalities, half of them working at the Washington bank headquarters and half of them in more than 120 bank branches worldwide.

History of History
The World Bank was founded on 27 December 1945 following the Burton-Wwoods Conference held a year and a half earlier, on 1 July 1944. The first president of the bank was Eugene Mayer.

The Bank’s activity was initially designed to assist in the economic establishment of Europe after World War II. But soon, the focus moved to the development of the third world countries, and today the bank is central to reducing poverty and inequality in the world.

The first lender to Europe was given in 1947 to France for the reconstruction of the Second World War. The bank's first lender to the third world was $16 million given to Chile in 1948 to establish a plant of power and agricultural high-speed needs.
The first lender to Asia (except for Japanese rehabilitation loans) was given to India in 1949 for a hydro-electric project. The first lender to Africa was given to Ethiopia in 1950 to purchase communications equipment.

Goals of the Bank
The bank set itself two goals that guide its ongoing activity:
The extreme poverty sector by lowering the percentage of people living with income less than $1.90 per day to 3%.
Development of global prosperity and making it more equitable by encouraging growth in 40% of the lowest levels in developing countries.

In addition to its specific goals and in light of contemporary global transformations, the Bank devoted resources to additional issues such as the refugee crisis, climate change and war in epidemics.

The bank aims to ensure market economy and sustainable global economic growth through infrastructure development in third world countries. The bank does this while investing in projects in developing countries that are not implemented by the private sector due to a high risk or low-term return. Bank projects and the benefits package it provides are designed for investment activities in a variety of areas such as education, health, public administration, infrastructure, economic institutions, development of the private sector, agriculture, management of natural resources and environment. On these issues, the bank is positioning itself as a knowledge-head, and holds experts from the world’s first lift.

organizational structure
The bank operates at three different levels, at the main level: the 189-year-old Board of Governors, most of these representatives will be treasure ministers or governors of central banks. The Governors Council meets once a year at the World Bank’s Annual Conference and the International Monetary Fund, and is a belief in making strategic decisions about the provision of bank loans.

On the second level, the bank’s operations are more frequently run through the Board of Directors, which meets about twice a week. The Board operates separately for the various entities of the Bank (IBRD, IDA, MIGA, IFC) and each of them is responsible for the bank’s ongoing operations. The Bank’s Board of Directors has 25 representatives, eight directors represent countries (the United States, Japan, China, Germany, France and the UK) and the other representatives represent groups of groups