What is the World Bank?

The World Bank is an international financial institution that provides loans, grants, and technical assistance to help governments and businesses around the world pursue sustainable development goals. The bank was created in 1944 along with the International Monetary Fund (IMF) at the Bretton Woods Conference in New Hampshire. Its headquarters are in Washington, D.C. The World Bank focuses on financing projects and initiatives that benefit countries, small and medium-sized businesses, and poor communities. Its primary goals are to reduce poverty, promote economic growth, and ensure that all people have access to basic services. To this end, the World Bank provides loans and grants to governments, non-governmental organizations, and private businesses. It also provides technical assistance in areas such as infrastructure, health, education, and environmental protection. In California, the World Bank plays an important role in international trade law. It provides loans and technical assistance to enable businesses to access foreign markets, support small and medium-sized businesses in trade-related areas, manage and protect intellectual property, and improve dispute resolution mechanisms. This ultimately helps California businesses gain access to global markets and reduce their risk of international trade disputes.

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What is the World Bank?

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