World Bank

About World Bank

Established in 1944, the WBG is one of the world's largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally. The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank (WB); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). The WB is organized into six client-facing Regional Vice-Presidencies, several corporate functions, fourteen Global Practices and five Global Themes to bring best-in-class knowledge and solutions to regional and country clients. The WBG Strategy, endorsed by the Governors at the 2013 Annual Meetings, sets a framework to align all WBG activities and resources to the two goals of ending extreme poverty and building shared prosperity in a sustainable manner. To contribute to achieving the two goals, the WBG seeks to build on its comparative advantage and work with public and private partners to contribute to the global development agenda through dialogue and action on development challenges; support clients in delivering development solutions; work as one WBG leveraging the strengths of each institution; and help advance internal and external knowledge exchange and learning, including learning from client and citizen/beneficiary feedback.