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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 ...
Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within the bank (such as IDA). [2] The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea.
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.
MIGA is owned by its 182 member governments, consisting of 156 developing and 25 industrialized countries. The members are composed of 181 UN member states plus Kosovo. Membership in MIGA is available only to countries who are members of the World Bank, particularly the International Bank for Reconstruction and Development. [3] [11]
The IBRD provides financial services as well as strategic coordination and information services to its borrowing member countries. [19] The Bank only finances sovereign governments directly, or projects backed by sovereign governments. [20] The World Bank Treasury is the division of the IBRD that manages the Bank's debt portfolio of over $100 ...
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.
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.