The World Bank serves as an international financial institution granting loans to developing countries. The recipients have to pledge structural reforms in return.
The World Bank's official objective No. 1 is to reduce poverty. This page collates recent DW content on the lender's activities.
US President Donald Trump has announced long-time Treasury official David Malpass as his pick to lead the World Bank. The choice of Malpass, a critic of the development lender, is seen as an indication of the administration's desire to rein in the institution.
Jim Yong Kim is officially leaving as president of the World Bank on February 1. His departure comes three years ahead of schedule and reveals the lender's confusion about its role in a globalized world.
Tanzania's President Magufuli is facing growing international pressure and sanction over the repression of civil society, the media and gays. The EU says it will review its financial support, as others cut the flow.