The International Development Association (IDA) works across all sectors to support a country’s development objectives.
Luxembourg is a founding member of the International Bank for Reconstruction and Development (IBRD) . Today, the country is a member of the five institutions that form the World Bank Group, including the International Development Association (since 1964), the International Finance Corporation (1956), the Multilateral Investment Guarantee Agency (1991)...
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.