A City Guide To Chilliwack for According to the articles of agreement its chief goals were to assist in the reconstruction and development of territories of members by facilitating the investment of capital for productive purposes [and to promote private foreign investment by means of guarantees or participation in loans [and to supplement private investment by providing, on suitable conditions, finance for productive purposes out of its own capital. 920 World Bank As such, it is one of the world’s largest sources of economic assistance to developing countries, while also providing technical assistance, policy advice, and supervision for the implementation of free-market reforms. In conjunction with the INTERNATIONAL MONETARY FUND (IMF) and the WORLD TRADE ORGANIZATION (WTO), the bank plays a major role in overseeing economic policy, the reformation of public institutions within developing nations, and in shaping global macroeconomic agendas. Though related to the United Nations, the bank functions independently of the General Assembly and Security Council. The bank is owned by 184 member nations, who are represented by a board of governors and a Washington, D.C.-based board of directors. A City Guide To Chilliwack 2016.