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The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purposes of economic development. [6]
The Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP) is run with funding from the Japanese government and the World Bank; scholarships are awarded to individuals from World Bank member countries to study at renowned universities in other member countries.
The World Bank Development Marketplace (DM) Award is a competitive grant program administered by the World Bank. Since 1998, the DM has awarded more than $46 million to some 1,000 early-stage, innovative projects worldwide. Projects are selected based on: Innovation; Potential for Growth; Visible benefits; Realism; Sustainability
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
The International Development Association (IDA) (French: Association internationale de développement) is a development finance institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
The World Bank has estimated that SSNs have helped around 36% of the poorest in the world escape extreme poverty, the number being 8% for relative poverty The contribution to narrowing the inequality gap has been even bigger. Here the SSN has helped reducing the absolute poverty gap with 45% whereas the relative poverty gap is reduced by 16%.
A big project can upend the lives of tens of thousands of people. Since 2004, World Bank estimates indicate that at least a dozen bank-supported projects physically or economically displaced more than 50,000 people each. Studies show that forced relocations can rip apart kinship networks and increase risks of illness and disease.
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