World Bank (Noun)
Meaning
A United Nations agency created to assist developing nations by loans guaranteed by member governments.
Classification
Nouns denoting groupings of people or objects.
Examples
- The World Bank is an international financial institution that provides loans to developing countries for development projects.
- The World Bank has been working to reduce poverty in developing countries by providing loans for infrastructure projects.
- The World Bank was established in 1944 to help rebuild European countries after World War II.
- The World Bank provides financial and technical assistance to developing countries to help them achieve sustainable economic growth.
- The World Bank has been criticized for imposing strict conditionalities on loan recipient countries, which can have negative social and environmental impacts.