The World Bank

THE WORLD BANK

WHO WE ARE | WHAT WE DO | WHERE WE WORK | UNDERSTANDING POVERTY

With 189 member countries, staff from more than 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.

Our Mission
To end extreme poverty:
By reducing the share of the global population that lives in extreme poverty to 3 percent by 2030.

To promote shared prosperity:
By increasing the incomes of the poorest 40 percent of people in every country.

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

The World Bank Group consists of five organizations:

The International Bank for Reconstruction and Development
The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries.

The International Development Association
The International Development Association (IDA) provides interest-free loans — called credits — and grants to governments of the poorest countries.
Together, IBRD and IDA make up the World Bank.

The International Finance Corporation
The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

The Multilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders.

The International Centre for Settlement of Investment Disputes
The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.

IBRD  The International Bank for Reconstruction and Development
IDA    The International Development Association
IFC     The International Finance Corporation
MIGA  The Multilateral Investment Guarantee Agency
ICSID  The International Centre for Settlement of Investment Disputes

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 WIKIPEDIA: Weltbank