The World Bank is an institution that moves money internationally, it was created by the UN (United Nations); This banking company is located in the capital of the United States (Washington) and was founded in 1945. The World Bank (WBG) or for its acronym in English WBG, is made up of 185 countries that are members of this organization; The main objective of the creation of this international bank is to provide monetary assistance through credits offered to countries that are in the process of development, this with the second purpose of eradicating poverty that exists throughout the world.
The World Bank was born from the initiative of the International Bank for Reconstruction and Development, an institution created after World War II, where many nations were affected by the losses of this dispute. Specifically, it was founded in late 1944 and early 1945, when the aforementioned war ended; Initially there were only 35 countries registered as members of this institution, over the years more nations were annexed until reaching the figure of 185 members.
The first beneficiaries of this organization were the European countries since they were cataloged as the most affected after said war, the loans offered for the reconstruction of the European economy ranged from 250 million dollars; then economic support was given to Chile, Germany, and Japan, as well as many other nations. Like any other banking institution, the World Bank remains active thanks to the interest charged for each loan it offers, as well as the amount that different countries pay for being members of this organization.
The World Bank does not have a single owner, all the member countries of this institution have shares within it, that is, they would be the owners of this banking institution; It is clear that there are some nations that have numerous shares within this bank, for which they are entitled to have more benefits than other countries, for example: the United States, Japan, France, the United Kingdom and Germany. This company is extremely large, it has more than one hundred offices located in the countries that are part of this bank, its number of employees exceeds 10,000 people.
