Explain the organisational structure and working of the World Bank.

The Organizational Structure and Functioning of the World Bank

The World Bank is a prominent international financial institution that provides financial and technical assistance to developing countries for development projects and poverty reduction efforts. Established in 1944, the World Bank is composed of two main institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Together, these institutions form a complex organizational structure dedicated to addressing global development challenges. Let's delve into the organizational structure and functioning of the World Bank:

1. International Bank for Reconstruction and Development (IBRD): The IBRD is the primary lending arm of the World Bank and focuses on providing financial resources and expertise to middle-income and creditworthy low-income countries. It offers loans, credits, and grants for various development projects, such as infrastructure, education, health, and agriculture. The IBRD raises funds from international capital markets by issuing bonds, and it lends these funds to member countries at favorable interest rates. The repayment of these loans helps finance new projects and initiatives. The IBRD also provides technical assistance and policy advice to help countries design and ______ ____ ______ ________ __________ ______ ___.
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