The World Bank is an international organization owned by 185 member countries that provides financial and technical assistance to developing countries for programs aimed at reducing poverty. It was established in 1944 to help rebuild Europe after World War II and has since expanded its mission to worldwide poverty alleviation. The World Bank consists of five institutions: the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes.