World Bank
International development institution
The World Bank is an international financial institution that provides loans and grants to developing countries for capital projects—infrastructure, education, health systems.
Founded in 1944, it aims to reduce poverty and promote economic development.
Headquartered in Washington, D.C., it works alongside the International Monetary Fund.
Critics argue its lending conditions sometimes harm the countries it intends to help.
Borrowed money arrangements
- creditRecognition or payment deferral
- borrowersThose receiving loans
- debtMoney owed another
- repaymentGiving back what's owed
interest · collateral · default · microfinance · IDA · conditionality · disbursement · amortization
Awarded funds for purposes
- aidSupport given freely
- assistanceSupport or aid given
- allocationDistribution of shares
- donorOne who contributes freely
recipient · IFC · trust funds · bilateral · multilateral · disbursement · earmarking · pledges
State of being see-through
- accountabilityObligation for one's actions
- anticorruptionOpposing abuse of power
- institutional reformChanging established organizational structures
- policy reformAmending governmental regulations
conditionality · oversight · compliance · safeguards · environmental standards · procurement · audit · whistleblower
Decreasing numbers below subsistence
- infrastructureBasic physical systems
- healthcareOrganized provision of treatment
- educationSystematic development of mind
- sustainabilityCapacity to endure indefinitely
governance · empowerment · SDGs · rural development · urbanization · sanitation · literacy · electrification
Study of aggregate economies
- fiscal policyState spending and taxation
- monetary policyCentral bank economic controls
- GDPNational output abbreviation
- growthIncrease in size
inflation · stabilization · capital markets · foreign exchange · balance of payments · economic indicators · recession · recovery
loans
Borrowed money arrangements
repayment · interest · collateral · default · microfinance · IDA · conditionality · disbursement · amortization · guarantee
grants
Awarded funds for purposes
- aidSupport given freely
- assistanceSupport or aid given
- allocationDistribution of shares
donor · recipient · IFC · trust funds · bilateral · multilateral · disbursement · earmarking · pledges · replenishment
transparency
State of being see-through
- accountabilityObligation for one's actions
- anticorruptionOpposing abuse of power
- institutional reformChanging established organizational structures
policy reform · conditionality · oversight · compliance · safeguards · environmental standards · procurement · audit · whistleblower · civil society
poverty reduction
Decreasing numbers below subsistence
- infrastructureBasic physical systems
- healthcareOrganized provision of treatment
- educationSystematic development of mind
sustainability · governance · empowerment · SDGs · rural development · urbanization · sanitation · literacy · electrification · food security
macroeconomics
Study of aggregate economies
- fiscal policyState spending and taxation
- monetary policyCentral bank economic controls
- GDPNational output abbreviation
growth · inflation · stabilization · capital markets · foreign exchange · balance of payments · economic indicators · recession · recovery · forecasting
- International BodiesUN, United Nations, EU, European Union, NATO
- global financeinternational banking, financial hubs, central banks, capital flows, exchange rates
- Global Politicsforeign affairs, international affairs, global affairs, foreign relations, diplomatic relations
- Economic Bodieseconomic council, finance ministry, treasury department, budget office, commerce department
- financial institutionsbanks, commercial banks, investment banks, credit unions, savings and loan
- global powerhard power, soft power, hegemony, sphere of influence, economic power
World BankIMF
Global economic assistance organization
International Monetary Fund · central banks · Federal Reserve · European Central Bank
World Bankcommercial banks
For-profit lending institutions
investment banks · JPMorgan Chase · Goldman Sachs · Wall Street · private equity
bank, world, worldwide, worldly, worlds, otherworldly, underworld, unworldly, War of the Worlds