The World Bank Group

Groupe Banque mondiale
Grupo del Banco Mundial

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Contact Details

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History

to link the agencies comprising the Group. A specialized agency of United Nations (UN), linked to United Nations Economic and Social Council (ECOSOC), to which the four agencies comprising the Group submit a common report. Comes within United Nations System. Formal relationships between the World Bank and the United Nations are governed by an agreement approved by the Bank's Board of Governors, Sep 1947, and by the UN General Assembly, Nov 1947. Previously also referred to as Groupe de la Banque mondiale.

Aims

Raise living standards in poorer developing countries by conveying financial resources from the developed world; to this end, strengthen capacities in human resource development, environmentally sustainable development and private sector development.

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Activities

Guiding principles (currently 6) are to: increase selectivity of activities; strengthen partnerships with others; emphasize client-orientation; increase results orientation; ensure cost effectiveness; maintain strong commitment to financial integrity. IBRD makes loans and provides economic and sector analytical work for the economic development and reconstruction of developing countries. IDA makes loans on softer terms than IBRD, for important development projects in developing countries. IFC promotes economic development in less developed areas through investments in private enterprise, without government guarantee of repayment, seeking to stimulate the flow of private capital into productive business. MIGA promotes private investment in developing countries through providing guarantees on investments to protect investors from non-commercial risks. The Group is responsible for Africa Transport Policy Program (SSATP), set up in 1987 on the initiative of IBRD and reconstituted 5 Nov 2001, Stockholm (Sweden). An independent inspection panel reviews complaints from parties negatively affected by Bank projects. Instrumental in setting up: Cities Alliance; IFC Global Corporate Governance Forum (GCGF); Global Road Safety Partnership (GRSP).

Structure

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Financing

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Relations with Inter-Governmental Organizations

Relations with 16 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 24 non-governmental organizations.
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Publications

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Information Services

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Members

Members in 0 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Banking
  • International Relations
    • United Nations

UN Sustainable Development Goals **

GOAL 1: No PovertyGOAL 2: Zero HungerGOAL 3: Good Health and Well-beingGOAL 4: Quality EducationGOAL 5: Gender EqualityGOAL 6: Clean Water and SanitationGOAL 7: Affordable and Clean EnergyGOAL 8: Decent Work and Economic GrowthGOAL 9: Industry, Innovation and InfrastructureGOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and ProductionGOAL 13: Climate ActionGOAL 14: Life Below WaterGOAL 15: Life on LandGOAL 16: Peace and Justice Strong InstitutionsGOAL 17: Partnerships to achieve the Goal

UIA Org ID

F6841

Last News Received

2019
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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