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.
The World Bank has warned up to 150 million people are set to fall into extreme poverty due to the COVID-19 pandemic. Most of the new extreme poor will be in South Asia and sub-Saharan Africa. The pandemic has halted years of progress against global extreme poverty and is expected to rise this year for the first time in over two decades. DW speaks to Francisco Ferreira.