World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), which serves middle-income and creditworthy low-income countries, and the International Development Association (IDA), which serves the poorest countries. The World Bank's stated goal is to reduce poverty and support sustainable development. It works in partnership with governments and other stakeholders to achieve this goal, providing technical assistance, policy advice, and financial resources to support a wide range of development projects, including infrastructure development, education, health, and environmental protection. The Bank's operations are guided by its strategic framework and its commitment to transparency and accountability. It also plays a significant role in fostering global economic stability and promoting sustainable economic growth in developing countries.
About Us
- The World Bank Group is a global partnership of 189 member countries working to reduce poverty and build shared prosperity by providing financial products and services and collaborating on solutions to pressing challenges. - We provide funding for projects crucial to economic development, including infrastructure, education, health, and agriculture. - Our expertise and technical assistance help countries improve governance, strengthen institutions, and foster a more sustainable and inclusive global economy. - We are guided by core values of integrity, accountability, respect for diversity, and commitment to results. - Our organizational structure, with specialized units, supports our mission.
Vision
A world free of poverty, where people have the opportunity to lead healthy, productive, and fulfilling lives. This vision underscores a commitment to sustainable and inclusive development, recognizing that economic progress must be accompanied by social and environmental sustainability. It emphasizes the importance of empowering individuals and communities, promoting good governance, and fostering international cooperation to achieve lasting positive change. This requires addressing systemic inequalities and promoting equitable access to resources and opportunities for all.
Mission
Our mission is to end extreme poverty and promote shared prosperity. This means reducing the number of people living in extreme poverty to no more than 3% of the world’s population by 2030. It also entails boosting incomes for the bottom 40% of the population in every country. We aim to achieve this through a range of initiatives that support sustainable economic growth, improve governance, enhance human capital, and protect the environment. We recognize that poverty is multifaceted and requires comprehensive solutions, therefore our approach integrates various sectors and targets specific vulnerable groups.
Culture
- The World Bank's culture prioritizes its mission, a diverse workforce, and impactful results, fostering an inclusive and collaborative environment that values both individual and team contributions. - Professionalism, integrity, and accountability are strongly emphasized. - The demanding work culture requires high expertise and dedication. - The global nature of the institution promotes international collaboration. - Continuous learning and professional development are highly valued.
Specialties & Industries
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