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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 two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank. Kosovo is not a member of the UN, but is a member of the International Monetary Fund [1] and the World Bank Group, [2] both specialized agencies in the United Nations System.
The members of the Board represent the regions of MENA, Europe, Africa, Latin America, East Asia, and World Bank donor countries. Membership in the Network is open to all elected or nominated parliamentarians from World Bank and IMF member states who currently hold a mandate. The International Secretariat of the Network is based in Paris, France.
In 2021, an independent inquiry of the World Bank's Doing Business reports by the law firm WilmerHale found that World Bank leaders, including then-Chief Executive Kristalina Georgieva and then-President Jim Yong Kim, [104] pressured staff members of the bank to alter data to inflate the rankings for China, Saudi Arabia, Azerbaijan and the ...
During Zoellick's time at the World Bank, the institution's capital stock was expanded [39] and lending volumes increased to help member countries deal with the global financial and economic crisis; [39] assistance was stepped up to deal with the famine in the Horn of Africa; [40] a major increase in resources was achieved for the institution's ...
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 IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development.