The World Bank Group was established in 1944 to rebuild post-World War II Europe under the International Bank for Reconstruction and Development (IBRD). Today, the World Bank functions as an international organization that fights poverty by offering developmental assistance to middle-income and low-income countries.

By giving loans and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty. Under the World Bank Group, there are complimentary institutions that aid in its goals to provide assistance.

More information about organizational matters and public procurement rules within the World Bank Group - soon.