The World Bank is an international financial institution that provides loans, grants, and technical assistance to developing countries to support economic development and reduce poverty. The bank was established in 1944 and has its headquarters in Washington D.C., United States. It is composed of two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The bank also provides support to countries in the form of knowledge and research on economic and social issues. The World Bank’s primary goal is to promote sustainable economic growth, reduce poverty, and improve living standards for people in developing countries. It works in partnership with governments, civil society, and other stakeholders to achieve its objectives.