From the Document: "The World Bank, the oldest and largest multilateral development bank, provides financial assistance to developing countries to promote economic development. Established in 1945, the Bank initially focused on providing financing for large infrastructure projects. During the past 75 years, its role has broadened to include poverty reduction efforts through social projects (such as education and health) and policy-based loans. The United States is a founding member of the World Bank and the largest financial contributor. Congress shapes U.S. policy at the World Bank through oversight, legislation, and authorization and appropriation of U.S. financial commitments to the World Bank."
CRS In Focus, 11361
Congressional Research Service: https://crsreports.congress.gov/