World Bank: An international institution providing loans and grants to low/middle-income countries for capital projects.
Founded
1994
Location
Washington, D.C., DC, US
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for capital projects. It focuses on various sectors including infrastructure, education, and energy, with investments typically in the seed and Series B stages. The World Bank operates globally, aiming to reduce poverty and support sustainable development through its financial assistance.
Notable portfolio companies include Bransys, Coursera, and Qorax Energy. Key decision-makers at the World Bank include President Ajay Banga, Managing Director Axel van Trotsenburg, and Chief Economist Indermit Gill. The institution's investment philosophy centers on fostering economic development and reducing poverty. Additionally, the World Bank offers unique value-add services such as comprehensive research, policy advice, and technical assistance to its portfolio companies.
