World Bank is an indispensable part of the World Bank Group. The World Bank is made up of two parts of the World Bank Group includes namely the International Bank for Reconstruction and Development or IBRD and the International Development Association IDA.

The World Bank was created in 1945. But the concept was developed in a year at the United Nations Monetary and Financial Conference.

185 countries in the world hold World Bank membership. These countries are members of the shareholders of the World Bank, which play a crucial role in the World Bank for their political decisions. Keep the five most prominent members, significant portions of the World Bank, France, Germany, Japan, USA, U. K Among these, five of the largest shareholder is the United States. US-A shall hold the power to nominate the President of the World Bank. More 184 members submitted their votes. But when the votes of the Member States through their wealth and their share of the World Bank, the electoral process of the World Bank president is determined used to quite unfair.

World Bank to help with the noble cause, established the poor people around the world. From day one, the World Bank activities in the reduction of global poverty eradication of global poverty was concentrated the most important goal of the organization. To achieve its objective agreed by the World Bank, the provision of low interest loans and no credit to the poor economies, so to speak urgently. After this action the World Bank, a huge loan of $ 250,000,000 to France sanctioned within two years after its foundation. This loan money was used for reconstruction after the war in France.

To bring sustainable economic development in underdeveloped and developing countries in the world, the World Bank determined four major steps are followed. The Action of the World Bank Infrastructure Creation, Capacity Building, development of efficient financial system and eliminate corruption.

World Bank