Meaning of the word "the World Bank" in English

What does "the World Bank" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

the World Bank

US /ðə wɜːrld bæŋk/
UK /ðə wɜːrld bæŋk/
"the World Bank" picture

Noun

1.

an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects

Example:
The World Bank approved a loan for infrastructure development.
Many developing countries rely on support from the World Bank.
Learn This Word at Lingoland