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.
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.
Partnering with Governments
Together, IBRD and IDA form the World Bank, which provides financing,
policy advice, and technical assistance to governments of developing
countries. IDA focuses on the world’s poorest countries, while
IBRD assists middle-income and creditworthy poorer countries.
Partnering with the Private Sector
IFC, MIGA, and ICSID focus on strengthening the private sector
in developing countries. Through these institutions, the World
Bank Group provides financing, technical assistance, political
risk insurance, and settlement of disputes to private enterprises,
including financial institutions.
One World Bank Group
While five institutions have their own country membership, governing
boards, and articles of agreement, World Bank works as one to
serve partner countries. Today’s development challenges can only
be met if the private sector is part of the solution. But the
public sector sets the groundwork to enable private investment
and allow it to thrive. The complementary roles of institutions
give the World Bank Group a unique ability to connect global financial
resources, knowledge, and innovative solutions to the needs of
developing countries.
5 institutions of World Bank
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
Headquarters
1818 H Street, NW Washington, DC 20433 USA
tel : (202) 473-1001
Fax: (202) 473-1000
Where World
Bank works
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