World bank s The International Bank for reconstruction and development Formed in 1944, it provides economic assistance for the reconstruction of war-torn and. more recently, loans to developing countries It's original objective was to help in building and reconstruction of countries damaged by the war. It helps countries to develop their infrastructure it helps countries to settle their debt problems Copyright 2001 by Harcourt, Inc. All rights reservedCopyright © 2001 by Harcourt, Inc. All rights reserved. 2-11 World Bank The International Bank for Reconstruction and Development • Formed in 1944, it provides economic assistance for the reconstruction of war-torn and, more recently, loans to developing countries. • It’s original objective was to help in building and reconstruction of countries damaged by the war. -It helps countries to develop their infrastructure -it helps countries to settle their debt problems