World Bank Group (WBG)
ABOUT US
We exist to create a world free of poverty on a livable planet. Our mission is to end extreme poverty and boost shared prosperity on a livable planet.
This is threatened by multiple, intertwined crises. Time is of the essence. We are writing a new playbook to drive impactful development that is:
- Inclusive of everyone, including women and young people.
- Resilient to shocks, including against climate and biodiversity crises, pandemics, and fragility.
- Sustainable, through growth and job creation, human development, fiscal and debt management, food security, and access to clean air, water, and affordable energy.
To achieve this, we will work with all clients as one World Bank Group, in close partnership with other multilateral institutions, the private sector, and civil society. The World Bank Group includes:
- International Bank for Reconstruction and Development (IBRD), which provides financial products and policy advice to help countries reduce poverty and enhance the benefits of sustainable growth to their people.
- International Development Association (IDA), which provides concessional grants and loans to low-income countries.
- International Finance Corporation (IFC), which mobilizes private capital at scale, supports businesses from microenterprises to large corporations, and generates jobs that drive economic growth and poverty reduction.
- Multilateral Investment Guarantee Agency (MIGA), which provides political risk insurance and credit enhancement to help investors enter developing countries.
- International Centre for Settlement of Investment Disputes (ICSID), which provides international facilities for conciliation, mediation, and arbitration of investment disputes.