- World Bank
- A multilateral development finance agency created by the 1944 Bretton Woods, New Hampshire negotiations. It makes loans to developing countries for social overhead capital projects, which are guaranteed by the recipient country. See: International Bank for Reconstruction and Development. The New York Times Financial Glossary————A multilateral development finance agency created by the 1944 Bretton Woods, (New Hampshire) negotiations ( Bretton Woods Agreement). It makes loans to developing countries for social overhead capital projects that are guaranteed by the recipient country. Bloomberg Financial DictionarySee: International Bank for Reconstruction and Development. Bloomberg Financial Dictionary
* * *World Bank ˌWorld ˈBank nounthe World Bank ECONOMICS ORGANIZATIONS a group of five organizations based in Washington D.C. and linked to theUnited Nations that gives financial help and advice toDeveloping Countries:
• The dams, funded by the World Bank, were among many ambitious projects to open up the Amazon.
* * *The World Bank is an agency for channelling aid funds to poor countries for medium- and long-term projects. The Bank raises funds by selling bonds on world capital markets and makes loans from its own resources.► See also Bretton Woods.
Financial and business terms. 2012.