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The World Bank

The World Bank is an international financial institution comprised of 189 member countries that works to reduce global poverty and build shared prosperity. It has two main goals for 2030: ending extreme poverty and promoting income growth for the bottom 40% of each country's population. The World Bank provides low-interest loans, grants, and technical assistance to developing countries for projects focused on areas like education, health, infrastructure, agriculture and environmental sustainability. It also shares knowledge through research, policy advice, and capacity development programs to help developing nations improve living standards.

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Mauro Hernández Casas
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44 views2 pages

The World Bank

The World Bank is an international financial institution comprised of 189 member countries that works to reduce global poverty and build shared prosperity. It has two main goals for 2030: ending extreme poverty and promoting income growth for the bottom 40% of each country's population. The World Bank provides low-interest loans, grants, and technical assistance to developing countries for projects focused on areas like education, health, infrastructure, agriculture and environmental sustainability. It also shares knowledge through research, policy advice, and capacity development programs to help developing nations improve living standards.

Uploaded by

Mauro Hernández Casas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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THE WORLD BANK

With 189 member countries, staff from more 170 countries, and offices in over 130
locations, the World Bank Group is a unique global partnership: five institutions
working for sustainable solutions that reduce poverty and build shared prosperity in
developing countries.

The World Bank Group has set two goals for the world to achieve by 2030:
 End extreme poverty by decreasing the percentage of people living on less
than $1.90 a day to no more than 3%
 Promote shared prosperity by fostering the income growth of the bottom
40% for every country

The World Bank is a vital source of financial and technical assistance to developing
countries around the world. We are not a bank in the ordinary sense but a unique
partnership to reduce poverty and support development. The World Bank Group
comprises five institutions managed by their member countries.

Established in 1944, the World Bank Group is headquartered in Washington, D.C.


We have more than 10,000 employees in more than 120 offices worldwide.

Financial Products and Services

We provide low-interest loans, zero to low-interest credits, and grants to


developing countries. These support a wide array of investments in such areas as
education, health, public administration, infrastructure, financial and private sector
development, agriculture, and environmental and natural resource management.
Some of our projects are cofinanced with governments, other multilateral
institutions, commercial banks, export credit agencies, and private sector investors.
We also provide or facilitate financing through trust fund partnerships with bilateral
and multilateral donors. Many partners have asked the Bank to help manage
initiatives that address needs across a wide range of sectors and developing
regions.

Innovative Knowledge Sharing

We offer support to developing countries through policy advice, research and


analysis, and technical assistance. Our analytical work often underpins World Bank
financing and helps inform developing countries’ own investments. In addition, we
support capacity development in the countries we serve. We also sponsor, host, or
participate in many conferences and forums on issues of development, often in
collaboration with partners.

To ensure that countries can access the best global expertise and help generate
cutting-edge knowledge, the Bank is constantly seeking to improve the way it
shares its knowledge and engages with clients and the public at large. Key
priorities include:
 Results: We continue to sharpen our focus on helping developing
countries deliver measurable results.
 Reform: We are working to improve every aspect of our work: how projects
are designed, how information is made available (Access to Information),
and how to bring our operations closer to client governments and
communities.
 Open Development: We offer a growing range of free, easy-to-access tools,
research and knowledge to help people address the world's development
challenges. For example, the Open Data website offers free access to
comprehensive, downloadable indicators about development in countries
around the globe. We have also made World Bank Live—live discussions
open to participants worldwide—a key part of our Spring and Annual
Meetings with the International Monetary Fund.

Taken from http://www.worldbank.org/en/about/what-we-do

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