Since its inception in 1944, the World Bank has grown to become one of the most important financial institutions providing concessional loans, grants, and zero to low-interest credits to low- and middle-income countries to support projects across different sectors.
In the previous fiscal year that ended in June 2023, the five institutions comprising the World Bank reported a total commitment of $128.3 billion and a disbursement of $91.4 billion.
The latest figures for the fiscal year 2024 are expected to come out in the coming months.