The World Bank Group And Canada
Canada advances its ideals of stability, sustainable prosperity, and economic inclusion through its partnership with the World Bank Group. Since 1945, Canada and the Bank Group have worked together to end poverty and create a world based on sustainable development.
Canada serves as a global model for stability, sustainable prosperity, and economic inclusion, and advances these ideals through its strong and longstanding partnership with the World Bank Group. Since 1945, Canada and the World Bank Group have worked together, with other member governments, to finance projects, design policies, and deliver programs to end poverty and create a world based on the principles of sustainable development.
The World Bank Group benefits from having among its leading members a country that has long been a strong proponent of multilateralism. Enshrining that concept as the foundation of the international order has been a hallmark of Canada's foreign policy since the end of World War II.
For Canada, membership in the world's premier multilateral development financing institution enables it to leverage not only its funds, but also its knowledge and capabilities for greater impact on poverty reduction and sustainable development worldwide. For its part, the World Bank Group recognizes Canada not only as a significant financial contributor but also as a steadfast partner in the effort to achieve its goals of ending extreme poverty and boosting shared prosperity.
Canada is a founding member of the World Bank and plays an important role in influencing its development priorities. The International Bank for Reconstruction and Development (IBRD) was established in 1944. Canada has a long history of generously supporting the World Bank Group’s mission and has been a generous supporter of the International Development Association (IDA), which provides low interest loans and grants to the world’s poorest countries.
Last Updated: Dec 15, 2021