The full name of web browser WB is the World Bank, formerly known as the International Bank for Reconstruction and Development.

It is a specialized agency under the United Nations and an international financial institution responsible for long-term loans.

The World Bank was established based on the Agreement on the International Bank for Reconstruction and Development adopted at the Bretton Woods Conference in the United States in 1944.

Its purpose is to finance the reconstruction and development work of member states through investment in productive undertakings; to promote foreign and foreign investment by guaranteeing loans or participating in loans and other foreign investments when member states cannot obtain them under reasonable conditions.

When private capital is provided, under appropriate conditions, the bank will provide direct loans to member countries with its own funds or funds raised and other funds to supplement the lack of private investment; by encouraging international investment, it will develop the production resources of member countries, provide technical advice and improve

production capacity to promote the balanced growth of international trade among member countries and the improvement of international balance of payments.

According to the purpose of the World Bank, its main business activity is to provide long-term loans to developing member countries, provide loans and technical assistance to member governments or private enterprises guaranteed by the government, and fund their construction of certain projects with long construction cycles and low profit margins.

, but it is also a construction project necessary for the country's economic and social development.

The World Bank and the International Development Association (IDA), the International Financial Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Center for Settlement of Investment

Disputes, ICSID) and five other institutions jointly formed the World Bank Group.

The World Bank is one of the world's largest development aid agencies.

The World Bank uses its funds, highly qualified personnel and extensive knowledge base to help developing countries embark on a stable, sustainable and balanced development path.

The World Bank mainly focuses on helping the poorest people and the poorest countries, and for all World Bank borrowing countries, the World Bank emphasizes the following needs: 1. Invest in people, especially through the provision of basic health and education services; 2. Protect the environment

; 3. Support and encourage the development of private enterprises; 4. Strengthen government capabilities, improve efficiency, increase transparency, and provide high-quality services; 5. Promote reforms and create a stable macroeconomic environment conducive to investment and long-term planning; 6

, focusing on social development, participation, good governance and institution building as key elements in achieving poverty reduction.

The World Bank also helps countries around the world consolidate and strengthen the basic conditions needed to attract and retain private investment.

Governments rely on the World Bank's funds and advisory services to implement comprehensive economic reforms, strengthen banking systems, and invest in human resources, infrastructure, and environmental protection, thereby increasing the attractiveness and effectiveness of private investment.

Through the financing guarantee of the World Bank and the political risk guarantee of the Multilateral Investment Guarantee Agency, combined with the equity investment of the International Finance Corporation, investors can minimize the risks of investing in developing countries and countries with economies in transition, and they will feel more assured.

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As the world enters a new century, neither melancholy nor complacency is tolerated.

Whether developing countries can succeed depends partly on the economic development of the United States, Europe, and Japan. It also depends on whether developing countries themselves can implement policy and institutional reforms to lay the foundation for strong growth.

Looking at the world, only those countries that are most capable of seizing the opportunities brought by globalization and effectively avoiding its risks can prosper, while those countries that are unable to adapt to globalization will increasingly fall behind, leaving the world's rich and poor countries in dire straits.

The gap between them is getting wider and wider.

The World Bank is aware of the challenges ahead and is working with developing countries to try a more inclusive and comprehensive model to achieve its development mission, namely the Comprehensive Development Framework (CDF).

The need for such a more comprehensive framework has become increasingly apparent as the World Bank moves from merely financing development projects to addressing broader issues of human and social development, governance, and institutions.

According to the requirements of the comprehensive development framework model, development plans must be formulated by each country itself, be a long-term vision of the results to be achieved, and have the consensus and strong support of governments, aid agencies, civil society, the private sector and other development actors.

Supported.