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Restored roads in Peru’s remote areas give poor, isolated villagers access to market centers and economic and social opportunities. The International Bank for Reconstruction and Development
Rural communities participate actively in efforts to improve food security and nutrition standards in Benin. The International Development Association
A village-level cellular phone network, enabled through GrameenPhone, empowers rural women entrepreneurs in Bangladesh. The International Finance Corporation
Noncommercial guarantees help privatize commercial vehicle services in Lesotho, raising their quality and efficiency. The Multilateral Investment Guarantee Agency
A port terminal concession in Argentina is being arbitrated in ICSID. The International Centre for Settlement of Investment Disputes
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The World Bank GroupThe World Bank is a development institution whose mission is to fight poverty and improve living standards for people in the developing world. It provides loans, policy advice, technical assistance, and knowledge-sharing services. IBRD and IDA–together the "World Bank" or "the Bank"–are owned by member countries that carry ultimate decisionmaking power. The World Bank Group today consists of five closely associated institutions: The International Bank for Reconstruction and Development Established 1945 181 Members Cumulative lending: $349.4 billion Fiscal 2000 lending: $10.9 billion for 97 new operations in 41 countries IBRD provides loans and development assistance to middle-income countries and creditworthy poorer countries. Voting power is linked to members’ capital subscriptions, which in turn are based on each country’s relative economic strength. IBRD is not a profit-maximizing organization but has earned a net income every year since 1948. The International Development Association Established 1960 160 Members Cumulative lending: $120.3 billion Fiscal 2000 lending: $4.4 billion for 126 new operations in 52 countries IDA is the Bank’s concessional lending arm and provides key support for the Bank’s poverty reduction mission. IDA assistance is focused on the poorest countries, to which it provides interest-free loans (termed "credits") and other services. In fiscal 2000, 81 countries were IDA-eligible. The International Finance Corporation Established 1956 174 Members Committed portfolio: $21.7 billion Fiscal 2000 commitments: $2.4 billion for 75 countries IFC promotes growth in the developing world by financing private sector investments and providing technical assistance and advice to governments and businesses. In partnership with private investors, IFC provides both loan and equity finance for business ventures in developing countries. The Multilateral Investment Guarantee Agency Established 1988 152 Members Cumulative Guarantees issued: $7.1 billion Fiscal 2000 Guarantees issued: $1.6 billion MIGA helps encourage foreign investment in developing countries by providing guarantees to foreign investors against loss caused by noncommercial risks. MIGA also provides technical assistance to help countries disseminate information on investment opportunities. The International Centre for Settlement of Investment Disputes Established 1966 131 Members Total cases registered: 75 Fiscal 2000 cases registered: 12 ICSID helps to encourage foreign investment by providing international facilities for conciliation and arbitration of investment disputes. ICSID also has research and publishing activities in the areas of arbitration law and foreign investment law. |
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