In the past decades, federal and world bank funding have become increasingly important in helping to alleviate poverty and to initiate economic development. The combination of both these sources of funding has proven effective in tackling extreme issues such as malnutrition, illiteracy, and access to education.

Federal grants are one of the major sources of financial assistance for non-profits, small businesses, and other organizations. Federal government grant funds are sourced from the federal budget set each year, and typically involve innovative and sustainable solutions for tackling social issues. The grant programs also promote research and development to help better understand the need for change and how to move forward.

Grants administered by the World Bank are awarded to developing countries hoping to increase their economic growth and decrease poverty. These funds are used primarily to improve infrastructure and access to basic services such as healthcare, education, and energy. The World Bank also uses grant money to increase financial access to small businesses, helping to create jobs and growth in emerging economies.

The combination of federal and world bank grants can have a dramatic effect on communities. The local investments in infrastructure, education, and healthcare can help uplift entire countries, as well as individual households. These investments create new jobs and strengthen the manufacturing sector