मराठी
Tamil Nadu Board of Secondary EducationHSC Arts Class 12

World Bank

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Topics

  • Introduction
  • Structure of World Bank Group
  • Features
  • Real-Life Application
  • Key Point Summary
Maharashtra State Board: Class 11

Introduction

The World Bank is an international organization that helps developing countries by giving them money, advice, and knowledge. Its main aim is to reduce poverty and improve living standards around the world.

  • Founded: 1944, Bretton Woods Conference, USA.
  • Headquarters: Washington, D.C., USA.
  • Owned by 189 countries.
Maharashtra State Board: Class 11

Structure of World Bank Group

Maharashtra State Board: Class 11

Features

Maharashtra State Board: Class 11

Real-Life Application

In 2020, the World Bank supported Maharashtra to upgrade Mumbai’s local train network, making travel safer and more reliable for millions.

Maharashtra State Board: Class 11

Key Point Summary

  • The World Bank is a global partnership of 189 countries that focuses on reducing poverty through funding and advisory services.
  • It works across education, health, business, and infrastructure.
  • It includes five main branches, each with a different focus: loans, advice, investment, insurance, and resolving investment disputes.
  • Projects have real impacts, such as better transportation or more reliable electricity.

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