The 

World Bank Group building in Washington, D.C.

Formation July 1944; 77 years ago,

Type International Financial Organization

Legal status Treaty

Headquarters 1818 H Street NW, Washington, D.C., U.S.[1]

Membership 189 countries (IBRD)[2]

174 countries (IDA)[2]

Key people  David Malpass

(President)[3]
 Anshula Kant
(MD and CFO)
 Carmen Reinhart
(Chief Economist, 15 June 2020)[4]
Parent World Bank Group
organization
Website www.worldbank.org
The World Bank Group operating model

 Comprises 5 institutions
 Collectively, all 5 institutions are known as the “World Bank
Group”

The World Bank Group operating model

 Comprises 5 institutions
 Collectively, all 5 institutions are known as the “World Bank Group”

WORK WITH GOVERNMENTS

IBRD

International Bank for Reconstruction and Development

Financing for middle-income developing countries

The IBRD Articles of Agreement were drawn up at the United Nations

I
Monetary and Financial Conference, at Bretton Woods, New Hampshire, July
1-22, 1944. The governing document became effective on December 27, 1945,
and has been amended three times: December 17,1965, February 16, 1989 and
June 27, 2012.
IDA

International Development Association

Financing for low-income developing countries

[Together IBRD and IDA are known as the “World Bank”]

The IDA Articles of Agreement were drawn up by the Bank's Executive

Directors, and came into effect on September 24, 1960.

WORK WITH PRIVATE SECTOR

IFC

International Finance Corporation

Investment and advisory services to encourage private-sector development

The IFC Articles of Agreement were drawn up by the Bank's Executive

Directors, and came into effect on July 20, 1956. IFC's governing document has
been amended four times: September 21, 1961, September 1, 1965, April 28,
1993 and June 27, 2012.

MIGA

Multilateral Investment Guarantee Agency

Political risk insurance and credit enhancement guarantees

The MIGA Convention was discussed by the Bank's Executive Directors on the
basis of draft conventions prepared by Bank staff. The Convention came into
force on April 12, 1988.
TRIBUNAL

ICSID

International Centre for Settlement of Investment Disputes

International arbitration of investment disputes

The ICSID Convention was established by a multilateral agreement and entered

into force on October 14, 1966.

World Bank scope and reach

World Bank Goals

a. End extreme poverty

b. Promote shared prosperity
[$262 billion total World Bank commitments FY20]

IPF WHAT DOES IT DO?

Provides IBRD loans, IDA credits and grants and guarantee financing to
governments

[1,720 projects worldwide]

IPF WHAT DOES IT FUND?

Activities that create the physical & social infrastructure necessary to reduce
poverty and create sustainable development

[144 countries]
Portfolio
Areas of spend worldwide (large contracts awarded FY20)

0.0088;
3% 3%1%
0.0287;
0.0341; Water/Sanit/Waste
0.0351; 4% 0.2071; 21% Transportation
0.0446; 4%
Energy & Extractives
Public Administration
0.0775; 8%
Agriculture
Social Protection
Health
0.0996; 10%
0.1811; 18% Industry & Trade/Services
Info. & Communication
Education
0.1151; 12% Financial Sector
0.169; 17%

FY20 Top 10 Procuring Borrowers

RANK COUNTRY CONTRACT VALUE % OF TOTAL VALUE

(USD)

1 India 1,299,511,389 16.31%

2 Pakistan 583,498,177 7.32%

3 Bangladesh 387,220,650 4.86%

4 Nigeria 368,325,526 4.62%

5 China 362,456,094 4.55%

6 Ukraine 290,563,851 3.65%

7 Democratic Republic 274,612,742 3.45%

of Congo

8 Uzbekistan 268,368,177 3.37%

9 Myanmar 196,681,358 2.47%

10 Iraq 186,554,906 2.34%

FY20 Top 10 Supplier Countries

RANK COUNTRY CONTRACT % OF TOTAL
VALUE (USD) VALUE

1 China 1,901,493,257 23.86%

2 India 1,342,085,993 16.84%
3 Turkey 463,286,637 5.81%
4 Nigeria 226,799,769 2.85%
5 France 189,076,334 2.37%
6 Japan 120,599,276 1.51%
7 Vietnam 113,310,505 1.42%
8 Egypt 104,558,376 1.31%
9 Germany 104,462,213 1.31%
10 Senegal 98,363,709 1.23%

Memorandum of Understanding with World Bank

Group
Memorandum of understanding between WSBI [WORLD SAVINGS AND
RETAIL BANKING INSTITUTE], IFC [ INTERNATIONAL FINANCE CORPORATION]
and the IBRD [ INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT] and IDA [INTERNATIONAL DEVELOPMENT ASSOCIATION]
signed
on September 23, 2015, at the WSBI Board and General Assembly
in Washington.

WASHINGTON, October 15, 2021— Reflecting their shared vision of the

need for sustainable and inclusive growth, the World Bank and Germany’s
Federal Ministry for Economic Cooperation and Development (BMZ) today
signed a memorandum of understanding (MoU) guiding cooperation to drive
development outcomes for green, resilient and inclusive development, and
overcome the COVID-19 crisis.  

Norbert Barthle, Germany’s Parliamentary State Secretary, and Axel

van Trotsenburg, World Bank Managing Director of Operations, signed the
MoU on the sidelines of the World Bank Group-IMF Annual Meetings in
Washington, DC—setting an overarching framework for cooperation and
collaboration.

IDA Financing
FY21 Top 10 Borrowers $ million
Nigeria 2,875
Pakistan 2,692
Ethiopia 2,505
Bangladesh 2,310
Sudan 1,885
Kenya 1,830
Congo, Democratic Republic of 1,450
Mozambique 1,368
Tanzania 1,142
Niger 1,058
IDA emphasizes broad-based growth, including:

 Sound economic policies, rural development, private business, and

sustainable environmental practices
 Investment in people, in education and health, especially in the
struggle against HIV/AIDS, malaria, and TB
 Expansion of borrower capacity to provide basic services and
ensure accountability for public resources
 Recovery from civil strife, armed conflict, and natural disaster
 Promotion of trade and regional integration

FY21 IDA Lending by Sector % of total1

Social Services 38
Infrastructure 27
Public Administration 15
Industry and Trade 11
Agriculture 8
1 
Percentage do not add up to 100% due to rounding

IBRD Financing:
We finance government programs to support achievement of country
development objectives, and support policy and institutional reforms of
national and subnational governments by providing budget financing and
global expertise. We also finance public projects to build physical and
social infrastructure, and develop institutional capacity.

Investment Project Financing 

Development Policy Financing

Program-for-Results
How the World Bank works?

The World Bank is an international development organization owned by 187

countries. Its role is to reduce poverty by lending money to the governments
of its poorer members to improve their economies and to improve the
standard of living of their people.