The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
- IBRD | The International Bank for Reconstruction and Development
- IDA | The International Development Association
- IFC | The International Finance Corporation
- MIGA | The Multilateral Investment Guarantee Agency
- ICSID | The International Centre for Settlement of Investment Disputes
The mission of the World Bank Group is to end extreme poverty and boost shared prosperity on a livable planet. The World Bank Group provides a wide array of financial products and technical assistance, and helps countries share and apply innovative knowledge and solutions to the challenges they face.
EXCLUSIVE INTERVIEW
- How does the World Bank Group’s work and activities specifically touch upon e-commerce and the digital economy?
The Digital Transformation team of the World Bank Group works with governments in developing countries to build the foundations for digital transformation, including their transition to digital economies, governments, and societies.
The Digital Transformation work focuses on key pillars, including inclusive access to fast, reliable, safe, and affordable internet. Across the World Bank, the team seeks to stimulate demand for digital applications, digital skills, and digital platforms to support governments, business, and individuals to participate more fully in the digital economy.
The activities in the sector are built on collaborative efforts across the World Bank and focus on key elements which, combined, form the basis for strong, inclusive, and responsible digital transformation for economies, governments, and societies. These include:
- Broadband Connectivity, Access, and Use
- Digital Data Infrastructure
- Digital Safeguards
- Digital and Climate
- ICT Industry and Digital Jobs
Since 2019, the World Bank has been actively engaged with Saudi authorities to enhance the Kingdom's digital sector, and with AI adoption spreading at breakneck speed across the globe, this work continues. Our collaboration has aimed to transform the way people in Saudi Arabia experience everyday online transactions and engage with government services through partnership and technical assistance with four key digital authorities: 1) the Ministry of Communications and Information Technologies (MCIT), 2) the Saudi Digital Government Authority, 3) the Saudi Data and Artificial Intelligen
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