One hundred years since an armistice encouraged battling sides to lay down their arms and usher in peace.
Switzerland joined the International Bank for Reconstruction and Development (IBRD) in May 1992. Switzerland is also a member of the International Development Association (IDA, which it joined in 1992), the International Finance Corporation (IFC, 1992), the Multilateral Investment Guarantee Agency (MIGA, 1988), and the International Centre for Settlement of Investment Disputes (ICSID, 1998).
This report, produced in close partnership with the United Nations High Commissioner for Refugees (UNHCR), attempts to sort fact from fiction to better understand the scope of the challenge and encourage new thinking from a socioeconomic perspective.
Pandemics, climate change, conflict. The world faces threats that can only be solved through cooperation and coordination across borders.
Since its founding, The World Bank Group has evolved to meet new challenges to ending extreme poverty and creating opportunity for all. Along with a vast network of worldwide partners, we continue to adapt with new innovative lending approaches, partnering with the private sector to expand funding for development, and responding to global threats that affect rich and poor alike.
“For we shall prosper individually, only as we prosper collectively” - Eugene Meyer. First World Bank President.