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MDBs&Co. : The World Bank Group
 
THE WORLD BANK
 

The World Bank Group is a family of 5 organizations established in 1944. Owned by 185 member countries, this powerful organization has 10,000 employees and over 120 offices worldwide. The World Bank Group partners with governments, multilateral institutions, commercial banks, export credit agencies, and private sector investors in its bid to finance projects on a global scale. They also facilitate financing through trust fund partnerships with bilateral and multilateral donors. The World Bank consists of the following financial divisions:

 

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

The International Development Association (IDA) - Provides loans and grants to governments of the poorest countries. Together IBRD and IDA provide concessional financing to emerging countries for a wide array of purposes that include -  investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and lastly environmental and natural resource management.

The International Finance Corporation (IFC) –Provides investment, and advisory services to encourage primarily; private sector development in emerging countries.

The Multilateral Investment Guarantee Agency (MIGA) – Provides political risk insurance guarantees; so to promote foreign direct investment into emerging countries to support economic growth, reduce poverty, and improve the lives of its people.

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

 

 
 
 
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