That's right. According to the Regulations on Bidding for Projects approved by the State Council, if the construction project with World Bank loan reaches the specified scale standard, it must be invited for bidding. The World Bank is the abbreviation of the World Bank Group, the general name of the International Bank for Reconstruction and Development, and a specialized agency of the United Nations. The World Bank was established in 1945 and started its business in June 1946. It was established by the International Bank for Reconstruction and Development.