Glance

A quick look at the leading international funding bodies

World Bank

Founded in 1944 at the Bretton Woods Conference as Allied victory in WWII looked increasingly certain, the World Bank is a UN financial institution that gives loans to countries for projects. It is made up of two development institutions of 186 members - the International Bank for Reconstruction and Development and the International Development Association. They provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications or any approved projects. The World Bank provided $60 billion of funding last year.