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World Bank set for first revamp in two decades

30 June 2014 Last updated at 07:08 BST

The World Bank has been making loans to poor countries since it was founded in 1945.

But the world's most famous lender is now undergoing its first restructuring in nearly two decades.

From next month, it will divide itself into 14 global practices that focus on areas such as energy and agriculture.

The BBC's Leisha Chi spoke to the World Bank's chief financial officer and managing director Bertrand Badre about its plans.

Watch more reports on Asia Business Report's website.

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