The world’s poor are falling behind – we need bold action to help them catch up
With the entire world's economy at a brink, the recovery of poorer countries has become less likely.
The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries. Established in 1944, the World Bank Group is headquartered in Washington DC. It has more than 10,000 employees in more than 120 offices worldwide.