Since the establishment of 1945, the World Bank has developed from a single institution to a group of five closely related development institutions. The mission of the World Bank has changed from promoting post-war reconstruction and development through the International Bank for Reconstruction and Development to promoting poverty reduction in countries around the world through close coordination with its subsidiary, the International Development Association and other member institutions.
Other member institutions of the World Bank include the International Finance Corporation, MIGA and ICSID.
Reconstruction remains one of the important tasks of the World Bank, and poverty reduction through inclusive and sustainable globalization remains the primary goal of the Bank's work.
The World Bank provides long-term loans and technical assistance to developing countries to help them realize anti-poverty policies. World Bank loans are used in a wide range of fields, from the reform of medical and educational systems to the construction of environment and infrastructure, such as dams, highways and national parks.
In addition to financial assistance, the World Bank also provides consulting and technical assistance in all aspects of economic development. Since James Wolfensohn1996 became the president, the World Bank has made the anti-corruption campaign the focus of its work. Some people think that this practice violates the "non-political nature" stipulated in section 10 of the World Bank Agreement.