World bank how many countries

Partners have provided SDR 3. Contributing partners have also provided SDR 2. This figure includes SDR 1. IBRD offers financial products that allow clients to efficiently fund their development programs and manage risks related to currencies, interest rates, commodity prices, and disasters. IDA manages the risks on its balance sheet related to currencies and interest rates and helps member countries manage risks related to disasters by executing transactions with financial markets.

W1: Senior management sets strategic planning priorities for the World Bank Group. W2: Management at the vice presidential unit VPU level reviews and responds to corporate priorities. W3: Senior management refines the guidance on priorities for each institution within the World Bank Group. W4: VPU-level management develops work programs and staffing plans in response to determined priorities and planned budget envelopes.

W5: Senior management reviews the aggregation of the VPU-level budgets. The Board reviews and approves the VPU budget envelope for the subsequent fiscal year. Over the past several budget-planning cycles, the World Bank Group has made significant progress in aligning revenues and expenses, and tilting budgets in favor of institutional priorities.

At a time of economic uncertainty and global challenges, the World Bank Group is being asked to address a growing number of complex development issues. To scale up support for better leveraging of resources through private sector engagement, the new IDA Private Sector Window has been established to increase private sector investment in low-capacity and fragile environments, along with ongoing work to build a more agile, efficient, and innovative Bank Group.

In fiscal , the global economy entered a period characterized by some recovery but high uncertainty. Policy uncertainty presents a key overarching risk, and there is a significant chance that economic activity could diverge from the baseline that foresees a gradual strengthening of global activity.

Potential protectionist pressures are a significant risk. There remains considerable uncertainty, however, as to what extent and when such pressures might translate into concrete measures and the forms these might take. Countries with open economies and that are dependent on trade, including many low-income countries, would be among the most vulnerable.

Increased protectionism could also affect foreign direct investment flows to developing countries. The policy stance of major central banks as they move at varying paces to normalize monetary policy is another source of uncertainty. Market interest rate expectations could adjust abruptly in response to higher inflation or fiscal policy developments, which would affect both interest rates and risk appetite. The most vulnerable countries are those dependent on portfolio investment to finance current account imbalances.

Divergence from monetary policy expectations could also lead to further exchange rate movements. Corporate sectors that need to service large, unhedged foreign currency borrowing could face stress in the face of sharp exchange rate moves.

The Bank Group has long-standing relationships with more than member countries, and it taps these to address development challenges that are increasingly global. On critical issues like climate change, pandemics, and forced migration, the Bank Group plays a leading role because it is able to convene discussion among its country members and a wide array of partners. It can help address crises while building the foundations for longer-term, sustainable development. The evolution of the Bank Group has also been reflected in the diversity of its multidisciplinary staff, who include economists, public policy experts, sector experts, and social scientists, based at headquarters in Washington, D.

Today, more than a third of staff are based in country offices. As demand for its services has increased over time, the Bank Group has risen to meet them. You have clicked on a link to a page that is not part of the beta version of the new worldbank. Thank you for agreeing to provide feedback on the new version of worldbank. Thank you for participating in this survey! Your feedback is very helpful to us as we work to improve the site functionality on worldbank.

Working for a World Free of Poverty. Who We Are Organization. Boards of Governors. Boards of Directors. Organizational Units. Office of the President. The Multilateral Investment Guarantee Agency MIGA supports direct foreign investment into a country by offering security against the investment in the event of political turmoil.

These guarantees come in the form of political risk insurance, meaning that MIGA offers insurance against the political risk that an investment in a developing country may bear. Finally, the International Centre for Settlement of Investment Disputes ICSID facilitates and works toward a settlement in the event of a dispute between a foreign investor and a local country.

As mentioned earlier, the main function of the WBG is to eliminate poverty and to provide assistance to the poor by offering loans, policy advice, and technical assistance. As such, the countries receiving aid are learning new ways to function. Over time, however, it has been realized that sometimes as a nation develops , it requires more aid to work its way through the development process. This has resulted in some countries accumulating so much debt and debt service that payments become impossible to meet.

Many of the poorest countries can receive accelerated debt relief through the Heavily Indebted Poor Countries scheme, which reduces debt and debt-service payments while encouraging social expenditure.

The WBG has also been focusing on reducing the risk of projects by means of better appraisal and supervision mechanisms, as well as a multidimensional approach to overall development. This includes not only lending but also support for legal reform, educational programs, environmental safety, anti-corruption measures, and other types of social development. The Bank encourages all its clients to implement policies that promote sustainable growth, health, education, social development programs focusing on governance and poverty reduction mechanisms, the environment, private business, and macroeconomic reform.

While WBG strives to create a poverty-free world, there are groups that are passionately opposed to the international patron. These opponents believe that the fundamental structure of the Bank only exacerbates the already existing imbalance between the world's rich and poor. The system allows the largest shareholders to dominate the vote, resulting in WBG policies being decided by the rich, but implemented by the poor.

This can result in policies that are not in the best interests of the developing country receiving assistance, whose political, social, and economic policies will often have to be molded around WBG resolutions.

Moreover, even though the Bank provides training, assistance, information, and other means that may lead to sustainable development, developing countries may still have to choose between paying back their loans instead of investing in health, education, and other social programs.

It is not surprising that there is a clash of opinion over how aid is given. Indeed, those that offer assistance are going to want to have a say in how the loans are used and what kind of economic policies are fostered in a country's developmental process. Many developing and poor nations, however, are stuck in a quagmire of debt and impoverishment, no matter how much assistance they receive. Given this, we may need to remember that the process of aid is also a developing state, in which both the giver and the receiver should be helping each other reach a poverty-free world.

The World Bank. International Monetary Fund. International Development Association. International Finance Corporation.