An international banking organization established to control the distribution of economic aid between member nations, and to make loans to them in times of financial crisis.
Definition of World Bank in US English:
World Bank
proper nounˈˌwər(ə)ld ˈbæŋkˈˌwər(ə)ld ˈbaNGk
An international banking organization established to control the distribution of economic aid among member nations, and to make loans to them in times of financial crisis.
See also International Bank for Reconstruction and Development