In India since: 1957
About: The World Bank is a vital source of financial and technical assistance for developing countries around the world. Its mission is to fight poverty with passion and professionalism to achieve lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in public and private spaces. They are made up of two unique development institutions owned by 188 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID). Together, they provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.
Location: New Delhi
Focus Areas: Inclusive Growth; Clean Growth; Global Integration
Nodal Ministries: Ministry of Finance, Department of Economic Affairs
Flagship Publication/s: World Development Report; Global Economic Prospects; World Development Indicators; Global Development Finance; Annual Report