World Bank (WB)

The objectives of the subject “World Bank (WB)” are to

1. Understand the purposes, structure, and functions of the World Bank
2. Identify the areas of cooperation of the World Bank
3. Analyse the loans of the World Bank
4. Know the affiliated institutions: Multilateral Investment Guarantee Agency, International Bank for Reconstruction and Development, and the International Finance Corporation
5. To understand the projects operation of the World Bank

Description (World Bank)

The World Bank (WB) was created in 1994, as a specialised agency of the United Nations (UN), and consists of 184 member countries. The member economies of the World Bank define how the bank is financed and how its resources are used.

One of the objectives of the World Bank is to cooperate to reach the Millennium Development Goals (United Nations) and intended for a sustainable poverty reduction.

The “World Bank Group” consists of the International Bank for Reconstruction and Development and the International Development Association and three other organisations; they supply low-interest loans, interest-free credit and grants to the developing countries.

1. The International Finance Corporation promotes the private sector investment by supporting the high-risk sectors or/and markets
2. The Multilateral Investment Guarantee Agency provides a political risk insurance (guarantees) to the investors in the developing countries
3. The International Centre for Settlement of Investment Disputes settles the foreign direct investment disputes between the foreign investors and their host nation

Member States of the World Bank: Afghanistan, Albania, Algeria, Angola, Antigua and Barbuda, Argentina, Armenia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Central African Republic, Chad, Chile, People's Republic of China, Colombia, The Comoros, the Democratic Republic of the Congo, the Republic of the Congo, Costa Rica, Ivory Coast, Croatia, The Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Eastern Caribbean States, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, European Union, Fiji, Finland, France, Gabon, The Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iran, Iraq, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyz Republic, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Lithuania, Luxembourg, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Marshall Islands, Mauritania, Mauritius, Mexico, FS Micronesia, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, The Philippines, Poland, Portugal, Qatar, Romania, the Russian Federation, Rwanda, Samoa, São Tomé and Príncipe, Senegal, Serbia, the Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, Spain, Sri Lanka, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Sudan, Suriname, Eswatini (Swaziland), Sweden, Switzerland, Syria, Tajikistan, Tanzania, Thailand, East Timor, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United States, Uruguay, Uzbekistan, Vanuatu, Venezuela, Vietnam, West Bank and Gaza, Yemen, Zambia, Zimbabwe.

(c) EENI Global Business School (1995-2022)
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