The
The World Bank Group, based in Washington, D.C., is a multinational development bank established in 1944 during the Bretton Woods Conference. It comprises five international organizations, each with its own legal personality:
The main mission of the World Bank Group is to end extreme poverty and promote shared prosperity on a livable planet. This is achieved through financial aid, advice, and technical support for less developed countries. The World Bank Group works closely with other multilateral institutions, the private sector, and civil society to achieve international development goals[2][3].
The World Bank Group offers a variety of financing instruments and services, including:
The World Bank Group is strongly committed to promoting sustainable development and addressing global challenges:
The World Bank Group has demonstrated its ability to respond quickly and effectively to global crises such as the COVID-19 pandemic. It has provided extensive financial aid and counter-cyclical measures to make the recovery future-proof[5].
The World Bank Group remains one of the most capable multilateral actors in addressing global challenges, thanks to its broad mandates, strong country presence, and financial power, as well as its immense knowledge and experience[4].
