WORLD BANK

WORLD BANK

The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools, etc.) with the stated goal of reducing poverty.

WORLD BANK KEY POINT

Parent Organization: World Bank GroupOfficial goal : Reduction of povertyEmergence : Bretton Woods Conference, 1944Headquarters: Washington DCMembership : 187 countries President : Robert B. Zoellick

WB’s MISSION STATEMENT

“To fight with poverty with passion and professionalism for lasting results and to help people by providing resources, sharing knowledge, building capacity, and forging partnerships in the public and

private sectors”

WB’s MISSION

“Its main mission is to reduce poverty

Five Largest Shareholders

1. The United States2. United Kingdom3. France4. Germany5. Japan

LEADERSHIP OF ORGANIZATIONS /MEMBERS

THE IBRD HAS 186 MEMBERS COUNTRIESTHE IDA HAS 168 MEMBERS COUNTRIESNEARLY 10,000 STAFF MEMBERS ARE WORKING AT HEADQUATERS AT WASHINGTON DC.MOROVER OTHER 109 OFFICES ARE BEING OPERATED