World Bank

Title

World Bank

Description

The World Bank is like a cooperative, made up of 188 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. Generally, the governors are member countries' ministers of finance or ministers of development. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.

The governors delegate specific duties to 25 Executive Directors, who work on-site at the Bank. The five largest shareholders appoint an executive director, while other member countries are represented by elected executive directors.

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 $1.25 a day to no more than 3%

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.

Creator

World Bank Group

Date

1944

Source

https://cisp.cachefly.net/assets/articles/images/resized/0000479172_resized_worldbank.jpeg

Relation

Source: The World Bank.

The World Bank Group A-Z.

Source: The World Bank Group.

Publisher

World Bank Group

Contributor

World Bank Group

Format

Medium: Primary Document

Language

English

Type

Organization

Identifier

World Bank, Global, Finance, IMF, Extreme Poverty, Prosperity, Income

Coverage

International

Files

https://cisp.cachefly.net/assets/articles/images/resized/0000479172_resized_worldbank.jpeg

Reference

World Bank Group, World Bank, World Bank Group, 1944

Cite As

World Bank Group, “World Bank,” Virtual Museum of Public Service, accessed August 20, 2022, https://vmps.omeka.net/items/show/420.