Certain online circles have been buzzing about last week's quiet release of the World Bank's new open API , or application programming interface, which gives open access to vast amounts of the Bank's economic data that date back more than 50 years. The news was first announced  by the third-party creator of the API, and has been widely discussed on other blogs and Twitter .
The goal of the API is to make it simpler for third-party programmers to create applications that make the World Bank's economic data globally accessible and easy to understand.
I'll leave the specifics of what an API is  and how they work  to the others, but a quick example is the thousands of games and other iPhone  applications (advertised by Apple as "apps") that have been created from its API. Apple couldn't have developed so many apps on its own and instead made it easier for others to create them.
Other than the fact that the API was re-launched, this news won't mean much to non-computer programmers like me ... at least at first. That is, most of us won't be able to see the direct results of the API until programmers and developers start to create mashups , widgets  and other applications that make it easy for the rest of us to access, understand and visualize the data.
New and innovative uses of the World Bank's valuable data will hopefully be an eventual result of the API. Irakli Nadareishvili, who was on the team that created the API for the Bank, writes on Phase2's blog , "What you can do with actual code and integration with other tools is probably only limited by imagination."