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The World Bank is an international financial institution that provides loans to developing countries for capital programs . It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group , which is part of the United Nations system.
The World Bank's official goal is the reduction of poverty . However, according to its Articles of Agreement, all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of Capital investment .
The World Bank is not to be confused with the World Bank Group , an extended family of five international organizations:
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