What is the current location of World Bank?

The World Bank is an international financial institution that provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects. The main headquarters of the World Bank is located in Washington, D.C., United States.

Full Description of the Location:

1. Physical Address:

   • World Bank Group Headquarters: 1818 H Street NW, Washington, D.C. 20433, United States.

2. Building: The World Bank's headquarters is located in a prominent building in the heart of Washington, D.C., close to major institutions like the International Monetary Fund (IMF), the U.S. Department of the Treasury, and the White House.

3. Organizational Structure: The World Bank is part of the World Bank Group, which consists of five international organizations:

   • International Bank for Reconstruction and Development (IBRD)
   • International Development Association (IDA)
   • International Finance Corporation (IFC)
   • Multilateral Investment Guarantee Agency (MIGA)
   • International Centre for Settlement of Investment Disputes (ICSID)

4. Significance of the Location:

   • Washington, D.C. is a strategic location for the World Bank due to its proximity to major global financial institutions, governments, and international organizations. It allows the World Bank to have direct communication with various key stakeholders and policy-making bodies.

5. Other Locations: In addition to its main headquarters, the World Bank operates in more than 120 countries and has regional offices in various parts of the world, including:

   • Africa
   • East Asia and Pacific
   • Europe and Central Asia
   • Latin America and the Caribbean
   • Middle East and North Africa
   • South Asia

These regional offices coordinate the World Bank’s activities and help implement projects in their respective regions, while the Washington, D.C. headquarters handles the global strategy and coordination.

Functions and Role:

The World Bank is focused on global economic development and poverty alleviation. It provides funding for various infrastructure projects, healthcare, education, environmental protection, and more. Its location in Washington, D.C. is central to its influence as a key global financial institution.

The World Bank also plays a pivotal role in global financial governance, working alongside other institutions like the United Nations, the IMF, and the World Trade Organization (WTO).