The World Bank is an international financial institution comprised of two main institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank provides loans and other financial assistance to developing countries with the goal of reducing poverty globally. It operates according to its mandate to promote foreign investment and facilitate international trade.

1. What is world Bank?
International Bank for Reconstruction and Development –
The International Bank for Reconstruction and Development (IBRD) is one of five
institutions that compose the World Bank Group. The IBRD is an international organization
whose original mission was to finance the reconstruction of nations devastated by World War II.
Now, its mission has expanded to fight poverty by means of financing states. Its operation is
maintained through payments as regulated by member states. It came into existence on
December 27, 1945 following international ratification of the agreements reached at the United
Nations Monetary and Financial Conference of July 1 to July 22, 1944 in Bretton Woods, United
States.
The IBRD provides loans to governments, and public enterprises, always with a government (or
"sovereign") guarantee of repayment subject to general conditions.[1] The funds for this lending
come primarily from the issuing of World Bank bonds on the global capital markets—typically
$12–15 billion per year. These bonds are rated AAA (the highest possible) because they are
backed by member states' share capital, as well as by borrowers' sovereign guarantees. (In
addition, loans that are repaid are recycled, or relent.) Because of the IBRD's credit rating, it is
able to borrow at relatively low interest rates. As most developing countries have considerably
lower credit ratings, the IBRD can lend to countries at interest rates that are usually quite
attractive to them, even after adding a small margin (about 1%) to cover administrative
overheads.
World Bank- The World Bank is an international financial institution that provides loans[2]
to developing countries for capital programmes. The World Bank's official goal is the reduction
of poverty. By law,[which?] all of its decisions must be guided by a commitment to promote foreign
investment, international trade and facilitate capital investment.[3]
The World Bank differs from the World Bank Group, in that the World Bank comprises only two
institutions: the International Bank for Reconstruction and Development (IBRD) and the
International Development Association (IDA), whereas the latter incorporates these two in
addition to three more:[4] International Finance Corporation (IFC), Multilateral Investment
Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes
(ICSID).
International Monetary Fund -What Does International Monetary Fund - IMF
Mean?

2. An international organization created for the purpose of:
1. Promoting global monetary and exchange stability.
2. Facilitating the expansion and balanced growth of international trade.
3. Assisting in the establishment of a multilateral system of payments for current transactions.
The IMF plays three major roles in the global monetary system. The Fund surveys and monitors
economic and financial developments, lends funds to countries with balance-of-payment
difficulties, and provides technical assistance and training for countries requesting it.
Multilateral Investment Guarantee Agency- An organization established in
1988 by the World Bank and based in Washington, D.C. The goal of Multilateral Investment
Guarantee Agency (MIGA) is to promote investment in developing countries. The organization
offers a variety of services in order to encourage foreign direct investment, including risk
insurance against foreign exchange restrictions, outbreak of conflicts or wars, imposed spending
limits and related restrictions on company assets.
In addition to providing political risk insurance to corporations that want to invest in developing
countries, MIGA offers advisory services to developing country governments. The organization
advises on the policies and procedures these governments should follow and the best ways these
countries can attract foreign investment. Other services by the MIGA include licensing
arrangements, franchising and technology support.
What Is An Emerging Market Economy?- An emerging market
economy (EME) is defined as an economy with low to middle per capita income. Such countries
constitute approximately 80% of the global population, and represent about 20% of the world's
economies. The term was coined in 1981 by Antoine W. Van Agtmael of the International
Finance Corporation of the World Bank.
Although the term "emerging market" is loosely defined, countries that fall into this category,
varying from very big to very small, are usually considered emerging because of their
developments and reforms. Hence, even though China is deemed one of the world's economic
powerhouses, it is lumped into the category alongside much smaller economies with a great deal
less resources, like Tunisia. Both China and Tunisia belong to this category because both have
embarked on economic development and reform programs, and have begun to open up their
markets and "emerge" onto the global scene. EMEs are considered to be fast-growing economies.