The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.
- 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 complementary roles of our institutions give the World Bank Group a unique ability to connect global financial resources, knowledge, and innovative solutions to the needs of developing countries.
The COVID-19 pandemic sent advanced and developing economies into starkly divergent paths—with advanced economies expected to recover fully by 2023 and developing economies expected to lag for years to come. Developing economies have nevertheless embraced innovative digital solutions that are enabling economic transformation and putting them on a path toward green, resilient, and inclusive growth.
Private and public investment in digital solutions is bringing critical services to the poorest, creating jobs, strengthening small and medium businesses, enabling trade and services, and building resilience to shocks. At the same time, more than half the developing world remains digitally unconnected, and risks around privacy and cybersecurity are growing worldwide. During the 2022 World Bank Group-IMF Spring Meetings, we explored how countries can boost growth, productivity, inclusion and resilience as they recover by embracing private sector innovation coupled with enabling government policy. World leaders came together to discuss how to best build resilience & manage uncertainty.
Listen to the Spring Meetings highlights in a special series of The Development Podcast.