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The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
Asian Infrastructure Investment Bank (AIIB) Black Sea Trade and Development Bank. Caribbean Development Bank (CDB) Colombo Plan (CP) Development Bank of Latin America and the Caribbean (CAF) Eurasian Development Bank. European Bank for Reconstruction and Development (EBRD) European Investment Bank.
The Nigerian Capital Development Fund ( NCDF) is an independent social investment financial intermediary institution. This hybrid organization was set up mainly to address the challenges of poverty in low income rural communities in Nigeria. The institution mobilizes capital from the public and private sectors to invest in projects, businesses ...
The International Finance Corporation ( IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
The IMF and World Bank meet each autumn in what is officially known as the Annual Meetings of the International Monetary Fund and the World Bank Group and each spring in the Spring Meetings of the International Monetary Fund and the World Bank Group. Names of the two groups are alternated each year so a different one has top billing.
South Africa first formed a formal relationship with the World Bank on Dec 27, 1945 when it joined the International Bank for Reconstruction and Development, the first of the five financial pillars that compose the World Bank. [1] Although South Africa was a founding member of the World Bank, its first loan agreement wasn’t signed until 1951 ...
The World Bank Institute is the capacity building branch of the World Bank. It provides learning programs, policy advice and technical assistance to policy makers, government and non-government agencies, and development practitioners of developing countries. Capacity for Development is defined by the WBI as "the ability of individuals ...