World Bank

The World Bank Group, based in Washington, D.C., is a multinational development bank established in 1944 during the Bretton Woods Conference. It comprises five international organizations, each with its own legal personality:

• International Bank for Reconstruction and Development (IBRD)
• International Development Association (IDA)
• International Finance Corporation (IFC)
• Multilateral Investment Guarantee Agency (MIGA)
• International Centre for Settlement of Investment Disputes (ICSID)[1][2][3].

The main mission of the World Bank Group is to end extreme poverty and promote shared prosperity on a livable planet. This is achieved through financial aid, advice, and technical support for less developed countries. The World Bank Group works closely with other multilateral institutions, the private sector, and civil society to achieve international development goals[2][3].

The World Bank Group offers a variety of financing instruments and services, including:

• Loans and Grants: To the governments of low- and middle-income countries for economic development and specific projects such as education, health, infrastructure, and environmental protection[2].
• Investments and Guarantees: Through the IFC and MIGA, investments in private companies and guarantees for investments in developing countries are provided[1][2].
• Advisory and Technical Assistance: Support for the implementation of development projects and the development of policy and institutional frameworks[1][2].

The World Bank Group is strongly committed to promoting sustainable development and addressing global challenges:

• Climate Protection: The World Bank Group has published a comprehensive Climate Change Action Plan (CCAP) for the years 2021 to 2025 and is working on country-specific analyses and measures for climate adaptation and mitigation[4].
• Environmental Protection: Projects and initiatives for environmental protection, including reducing pollution and establishing environmental regulations[2].
• Social Inclusion: Focus on the inclusion of women, youth, and other marginalized groups in development processes[3].
• Digital Transformation: Promoting digital access to create economic opportunities and change lives[3].

The World Bank Group has demonstrated its ability to respond quickly and effectively to global crises such as the COVID-19 pandemic. It has provided extensive financial aid and counter-cyclical measures to make the recovery future-proof[5].

The World Bank Group remains one of the most capable multilateral actors in addressing global challenges, thanks to its broad mandates, strong country presence, and financial power, as well as its immense knowledge and experience[4].

• 1 - https://de.wikipedia.org/wiki/Weltbank
• 2 - https://en.wikipedia.org/wiki/World_Bank
• 3 - https://www.worldbank.org/ext/en/who-we-are
• 4 - https://thedocs.worldbank.org/en/doc/332b2ca9d2779ae447e2bab9020554fa-0330122022/original/Jahresbericht-2022-des-deutschen-Bueros-bei-der-Weltbankgruppe.pdf
• 5 - https://thedocs.worldbank.org/en/doc/ed866d652b5fd58b8a07806108d878d5-0330122021/original/Jahresbericht-2021-des-deutschen-B-ros-bei-der-Weltbankgruppe.pdf