The World Bank is a global organization whose goal is to aid in the economic development of developing nations by providing funding, advice, and research.
In order to fight poverty, the bank mainly operates as a consortium that offers developmental assistance to middle- and low-income countries.
As of 2022, the World Bank had 17 objectives it hoped to achieve by 2030.
The top two objectives are listed in their mission statement.
The first is to eradicate extreme poverty by reducing the proportion of people worldwide who make less than $1.90 per day to 3%.
The second goal is to raise global wealth by raising the income growth of the world’s poorest 40% of the time.
As the World Bank looks to reshape its goals, last year, the bank has confirmed that Ajay Banga, an Indian-born American business executive the new president. Banga replaced David Malpass, ex-world bank president.
Who is Ajay Banga?
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