World Bank Facing a world of much economic and social disparity, the World Bank, a multi-lateral financial organization tied to the United Nations and established in 1945, plays a crucial role in eradicating poverty and developing the economy. Composed of five closely associated groups, the IBRD, the IDA, the IFC, the MIGA, and the ICSID, the World Bank has made much progress, aiding countries during times of humanitarian emergencies, natural disasters, reconstruction, building schools and health …
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…Nicaragua due to Hurricane Mitch. Spain is a strong supporter of the World Bank. The World Bank has greatly funded education and the fight against HIV/AIDS, is a leader in the fight against worldwide corruption, and brings clean water, electricity, and transportation to poor people. Spain has contributed to the World Bank and has also gained much aid from being a member of the World Bank. "Our dream is a world free of poverty."