World Bank

International Bank for Reconstruction and Development, better known as the World Bank, is one of the world's largest sources of development assistance. Its main purpose is to assist the poorest groups and poorest countries. World Bank helps developing countries fight poverty and achieve stable, sustainable and equitable economic growth. The World Bank was founded in 1945 with the primary objective of assisting in the reconstruction of Western Europe after the Second World War. Following the restoration and restructuring of European scope of the World Bank shifted to providing support to developing countries.