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World Bank

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About Company

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. Five Institutions, One World Bank Group:: 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 While our five institutions have their own country membership, governing boards, and articles of agreement, we work as one to serve our 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 our institutions give the World Bank Group a unique ability to connect global financial resources, knowledge, and innovative solutions to the needs of developing countries. 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.