World Bank was established in 1944 with its headquarters at Washington, DC. It was formed as a single organization that later expanded to a group of five strongly connected development institutions. The five members of the World Bank Group include the International Bank for Reconstruction and Development (IBRD), the International Development Association, the International Finance Corporation (IFC), the Multilateral Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The main reason behind its inception was to smooth the progress of post-war reconstruction and reorganization. However in the present times, its main objective is to alleviate worldwide poverty. It also focuses on:

the sustainable growth in the most underprivileged countries, helping weak states y providing solutions to the special confrontations, providing capital and investment for middle-income countries, global problems and disasters such as hazardous diseases, trade and climatic changes

Arab world as there are innumerable opportunities...
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