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TeachMeFinance.com - explain World Bank World Bank The term 'World Bank ' as it applies to the area of agriculture can be defined as ' A multilateral economic development institution established in 1945 to extend loans and technical assistance for development projects in developing countries. It is formally referred to as the International Bank for Reconstruction and Development'. Previous 5 Terms: Workgroup For Electronic Data Interchange Working (top storage) gas Working interest Working storage capacity World Agricultural Outlook Board (WAOB) Next 5 Terms: World Food Program (WFP) World Health Organization World price World price (rice) World Trade Organization (WTO) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.