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 common sense. We are made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Each institution plays a different but collaborative role to advance the vision of an inclusive and sustainable globalization.
Mission:
To fight poverty with passion and professionalism for lasting results. To help people help themselves and their environment for providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors.
Vision:
Working for a world free of poverty
Objectives:
To achieve its mission the bank focuses on:
− building the climate for investment, jobs and sustainable growth, so that economies will grow
− by investing in and empowering poor people to participate in development
Activities/Main areas of work:
The World Bank’s projects and operations are designed to support low-income and middle-income countries’ poverty reduction strategies. The World Bank addresses the six strategic themes for global development that in its view are:
The Poorest Countries: World Bank is helping overcome poverty and spur sustainable growth in the poorest countries, especially in Africa.
Post-conflict and Fragile States: the World Bank is addressing the special challenges of countries that are emerging from conflict or seeking to avoid the breakdown of the state.
Middle-income Countries: the Bank is building a competitive menu of development solutions for middle-income countries, with customized services as well as finance.
Global Public Goods: the Bank is playing a more active role in regional and global issues that cross national borders, including climate change, infectious diseases, and trade.
The Arab World where the Bank is working with partners to strengthen development and opportunity in the Arab world.
Knowledge and Learning: the Bank is a learning organization, which increasingly leverages the best global knowledge to support development.
Those six strategies translate into World Bank designing projects in agriculture, education, environment, poverty, gender, health, law& justice and many more.
Coverage:
Africa, East Asia/Pacific ,Europe and Central Asia, Latin America, Middle East and North Africa, South Asia
Beneficiaries:
recipient countries and its citizens
