What is the World Bank?

The World Bank is an international organization whose mission is to promote economic development and reduce poverty around the world. The World Bank provides a range of financial support, such as loans, grants, and advice, to developing countries and their people in order to help them achieve their development goals. The World Bank is headquartered in Washington, D.C., and is made up of 189 member countries, including North Carolina. As a member of the World Bank, North Carolina plays a role in helping to shape international policies and activities that support development and reduce poverty around the world. Through the World Bank, North Carolina provides support to developing countries by contributing to projects that reduce poverty, improve access to essential services such as health and education, protect the environment, and promote economic growth. All of these activities help to create a more prosperous and stable global economy.

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