What type of organization might the World Bank be categorized as?

The World Bank is categorized as an international governmental organization (IGO) because it is a cooperative of countries that work together to provide financial and technical assistance to developing nations. The primary goal of the World Bank is to reduce poverty by promoting economic development through grants, loans, and expert advice.

As an IGO, it is funded by its member countries, which are sovereign states, and its operations are primarily governed by the agreements and policies established by those member countries. This distinguishes it from non-governmental organizations (NGOs), which are typically independent from government control and funded through private donations. Property developers and utility providers are also distinct entities focused on specific sectors—real estate development and public service delivery, respectively—rather than being involved in international economic development policy and financing.