World Bank Logo — The World Bank, abbreviated as BM (in English: WB World Bank) is one of the specialized agencies of the United Nations, which is defined as a source of financial and technical assistance for so-called developing countries. Its stated purpose is to reduce poverty through low-interest loans, interest-free loans at banking and financial support to developing nations. It comprises 186 member countries. It was created in 1944 and is headquartered in the city of Washington, USA.
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In 1944, as part of the negotiations preceding the end of the Second World War, created what the date is known as the financial system of the Bretton Woods (named after the name of the city resort in New Hampshire, where was conceived) composed of two institutions, which are essential for understanding the development policies that have taken place since the second half of the twentieth century: the International Bank for Reconstruction and Development (IBRD) and International Monetary Fund (IMF). More