World Bank

'''World Bank '''

definition          An international lending institution that aims to reduce poverty and improve people's lives by strengthening economies and promoting sustainable development. Owned by the governments of its 181 member countries, the Bank lends about $20 billion a year to development projects, provides technical assistance and policy advice, and acts as a catalyst for investment and lending from other sources. The World Bank's poorest members receive loans for up to 50 years without interest. Other needy members receive loans for 15-20 years at lower interest rates than are charged by commercial banks.

                             http://www.worldbank.org/depweb/beyond/global/glossary.html

