World Bank

The World Bank is an international financial institution that provides loans and grants to governments of low- and middle-income countries for the purpose of pursuing capital projects. Recent news places the World Bank, specifically its President Ajay Banga, in the context of President Trump's newly formed "Board of Peace" for Gaza. Banga is named as one of the seven founding members of the executive board. This is newsworthy as it highlights the World Bank's potential role in the rebuilding and development efforts in Gaza, although the exact mandate of the board remains unclear. The inclusion of the World Bank president suggests a focus on economic development and infrastructure projects as part of the broader peace initiative. The World Bank's involvement could be significant in addressing the extensive damage and humanitarian needs in the region, though the initiative faces criticism and uncertainty regarding its long-term impact and objectives.