What is the role of the World Bank in global economics?

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The bank’s goal is to reduce poverty, promote economic development, and improve living standards through financial support and technical expertise. The World Bank funds projects related to infrastructure, education, healthcare, and environmental protection, among others. By helping countries implement projects that improve their economic and social conditions, the World Bank plays a significant role in global economic stability and development.