What is the World Bank and what are its objectives?

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What is the World Bank and what are its objectives?

The World Bank is an international financial institution that provides loans and grants to the governments of developing countries for the purpose of pursuing development projects. Its main objectives are to reduce poverty and promote economic development by providing financial assistance, technical expertise, and policy advice to its member countries. The World Bank aims to achieve these objectives by supporting projects in various sectors such as education, healthcare, infrastructure, agriculture, and environmental sustainability. Additionally, it works towards promoting good governance, transparency, and accountability in the countries it assists.