The World Bank Group

1968 ◽  
Vol 22 (1) ◽  
pp. 152-181 ◽  
Author(s):  
Roy Blough

The World Bank Group consists of three closely affiliated intergovernmental institutions: the International Bank for Reconstruction and Development (hereinafter referred to as the Bank, IBRD, or the World Bank), the International Finance Corporation (IFC), and the International Development Association (IDA). These institutions are the chosen multilateral instruments of governments for providing external capital on a global basis to help finance the development of the world's low-income countries

Author(s):  
Parra Antonio R

This introductory chapter provides brief descriptions of the World Bank Group of intergovernmental organizations, including the International Centre for Settlement of Investment Disputes itself, as of June 30, 2010 (the end of the organizations’ 2010 fiscal year). It covers the International Bank for Reconstruction and Development, the International Finance Corporation, International Development Association and Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes. An overview of the subsequent chapters is also presented.


Significance The comments come as the World Bank is pressing donors to provide at least 65 billion dollars for the International Development Association (IDA), the Bank's financing arm for low-income countries (LICs), in 2018-21. Impacts Transport, energy and water investments are likely to gain increased World Bank funding under the IDA-plus model. IDA will deepen its role as a lynchpin of international response to fragile state situations that threaten global spillover effects. The World Bank may evolve a new division of labour with the AIIB and other new institutions.


2021 ◽  
Author(s):  
Dharmistha Chauhan ◽  
Swapna Bist Joshi

International financial institutions (IFIs) and multilateral development banks have been playing a vital role in the response, recovery and ‘build back anew’ agenda from the COVID-19 pandemic. This is especially true of the World Bank Group (WBG), given its high volumes of committed investments across sectors, especially in low-income and vulnerable countries. This report presents, through case studies, how care-responsive the World Bank’s COVID-19-related investments have been in four member countries: Bangladesh, Cambodia, Nepal and the Philippines. It does so by using the Care Principles and Care-Responsive Barometer for IFIs to assess the nature of the WBG’s post-COVID recovery investments in these select countries, and by building evidence through a gender- and care-responsive budget review. The foundation for care inclusion has already been laid in WBG policy. The report uses this as an entry point to urge it to bring women’s unpaid, underpaid and paid work to the centre of the IFI agenda in order to move towards rebuilding a more gender-just and equal future.


2019 ◽  
Vol 10 (1) ◽  
pp. 119-124
Author(s):  
Olatunji Abdul Shobande ◽  
Kingsley Chinonso Mark

Abstract The quest for urgent solution to resolve the world liquidity problem has continued to generate enthusiastic debates among political economists, policy makers and the academia. The argument has focused on whether the World Bank Group was established to enhance the stability of international financial system or meant to enrich the developed nations. This study argues that the existing political interest of the World Bank Group in Africa may serve as lesson learned to other ambitious African Monetary Union.


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