The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.
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Doing Business does not delve into complicated areas full of tricky trade-offs, such as regulating banks or environmental pollution. Rather, it looks at rules that ought to be simple but often aren't.""- The Economist; ""The World Bank's annual cost of doing business survey has become the go-to place to quantify the cost of red tape.""- Financial Times; ""Doing Business provides policy makers with a common benchmark for evaluating progress on the regulatory and tax reforms that extensive evidence links to prosperity.""- Wall Street Journal