Established in 1944, the World Bank has been a key lender for low- and middle-income countries for decades, funding thousands of projects in various sectors and priorities.
Based on its most recent annual report, the World Bank has committed $128.3 billion in the fiscal year ending in June 2023. In real terms, this is $19.7 billion, or 18.1%, more than the previous year.
Meanwhile, its disbursement amounted to $91.4 billion — up 30.9% from 2022.