WORLD BANK GROUP (WBG)
Tel: 202 473-1000
The World Bank Group has set two goals for the world to achieve by 2030:
End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%; and
Promote shared prosperity by fostering the income growth of the bottom 40% for every country.
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide. The Bank Group provides low-interest loans, zero to low-interest credits, and grants to developing countries. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Some of our projects are cofinanced with governments, other multilateral institutions, commercial banks, export credit agencies, and private sector investors.
We also provide or facilitate financing through trust fund partnerships with bilateral and multilateral donors. Many partners have asked the Bank to help manage initiatives that address needs across a wide range of sectors and developing regions.
Selected TCB programmes and initiatives in this guide
The World Bank Group works in partnership with the development agencies of individual countries to better coordinate aid and to more effectively achieve development goals.
At both the regional and global levels, the World Bank works with UN agencies, other international institutions, donors, civil society and professional and academic associations to improve the coordination of aid policies and practices.
List of Inter-agency Cooperation Mechanisms:
• CEB Inter-Agency Cluster on Trade and Productive Capacity;
• Measuring Aid for Trade - Creditor Reporting System (CRS);
• WTO’s Global Technical Assistance Database (GTAD);
• Enhanced Integrated Framework (EIF);
• Global Partnership Facilitation for Transportation and Trade (GFP);
• Standards and Trade Development Facility (STDF); and
• Transparency in Trade data initiative (TNT).