The $World Bank is an international financial institution that provides loans and grants to the governments of low and middle-income countries. Its primary goal is to reduce poverty and promote sustainable economic development. The organization focuses on various sectors, including education, health, and infrastructure, to improve living standards and foster growth. Founded in 1944, the $World Bank consists of two main institutions: the $International Bank for Reconstruction and Development (IBRD) and the $International Development Association (IDA). Together, they work to support projects that enhance economic stability and improve the quality of life for people in developing nations.