By World Bank
The area financial institution crew is an important resource of monetary and technical suggestions to constructing nations all over the world. Its concentration is on assisting the poorest humans within the poorest nations by utilizing its monetary assets, employees, and large event to assist nations in decreasing poverty, expanding fiscal progress, and enhancing caliber of lifestyles. In partnership with greater than a hundred constructing international locations, the financial institution staff is striving to enhance future health and schooling, struggle corruption, improve agricultural aid, construct roads and ports, and defend the surroundings. different tasks are geared toward rebuilding war-torn nations or areas, delivering easy prone akin to entry to scrub water, and inspiring investments that create jobs. as well as this severe foundation worldwide, numerous components of the realm financial institution staff are desirous about actions starting from carrying out fiscal study and research to supplying monetary and advisory prone to governments and personal organizations. those actions mirror the emphasis the establishment areas on sharing improvement wisdom, that's gleaned not just from a long time of expertise. This thoroughly revised and up to date moment version presents an available and simple assessment of the area financial institution Group's heritage, association, venture, and objective. also, for these wishing to delve extra into matters of specific curiosity, the ebook courses readers to resources containing extra exact info, together with annual reviews, websites, courses, and e mail addresses for varied departments. It additionally presents info on tips on how to paintings for or do company with the realm financial institution. a very good advent for somebody drawn to figuring out what the realm financial institution team does and the way it does it, this ebook indicates readers who are looking to study extra the place to start.
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Extra info for A Guide to the World Bank, Second Edition
Within the Bank, the thematic networks and the sectors they cover are as follows: Ⅲ Financial and Private Sector Development Network. The sectors are banking, capital markets, financial services, credit, and regulatory reforms. Some of these sectors are handled by joint World Bank–IFC units. Ⅲ Human Development Network. The sectors are education; health, nutrition, and population; and social protection. Ⅲ Operations Policy and Country Services. The sectors are procurement, financial management, operational services, and the Country Services Panel.
It became clear that the poorest developing countries could not afford to borrow capital for development on the terms offered by the Bank; hence, a group of Bank member countries decided to found IDA as an institution that could lend to very poor developing nations on easier terms. To imbue IDA with the discipline of a bank, these countries agreed that IDA should be part of the World Bank. 4). IDA helps the world’s poorest countries reduce poverty by providing credits and grants. Credits are loans at zero interest with a 10-year grace period before repayment of principal begins and maturities of 20, 35, or 40 years.
2. 1 Country Eligibility for Borrowing from the World Bank as of July 1, 2006 Income group and country 2005 GNI per capitaa Income group and country 2005 GNI per capitaa COUNTRIES ELIGIBLE FOR IBRD FUNDS ONLY Per capita income over $6,055 Korea, Republic of 15,810 Slovak Republic Antigua and Barbuda 10,920 Croatia Trinidad and Tobago 10,440 Palau Hungary 10,050 Lithuania Estonia 9,100 Mexico Seychellesb 8,290 Poland St. Kitts and Nevis 8,200 Latvia 8,130 8,070 7,410 7,210 7,150 7,110 6,760 Per capita income $3,466–$6,055 Chile Libya Lebanon Mauritius Botswana Gabon Malaysia South Africa Costa Rica 5,870 5,530 5,510 5,260 5,190 5,010 4,960 4,960 4,820 Venezuela, República Bolivariana de Turkey Panama Argentina Russian Federation Uruguay Romania Belize Equatorial Guinea 4,810 4,740 4,630 4,470 4,460 4,360 3,830 3,500 NA 3,460 3,450 3,370 3,140 2,990 2,980 2,930 2,890 Peru Ecuador Suriname Dominican Republic Jordan El Salvador Guatemala Colombia Swaziland Micronesia, Federated States of China Morocco 2,710 2,590 2,540 2,470 2,470 2,450 2,330 2,290 2,280 1,910 1,740 1,730 Philippines Iraq Turkmenistan 1,250 NA NA Per capita income $1,676–$3,465 Brazil Bulgaria Jamaica Fiji Namibia Marshall Islands Kazakhstan Tunisia Macedonia, former Yugoslav Republic of Iran, Islamic Republic of Belarus Thailand Algeria 2,790 2,770 2,750 2,750 2,730 Per capita income $876–$1,675 Ukraine Syrian Arab Republic Paraguay Egypt, Arab Republic of 1,520 1,380 1,280 1,250 How the World Bank Group Is Organized Income group and country 2005 GNI per capitaa Income group and country COUNTRIES ELIGIBLE FOR A BLEND OF IBRD AND IDA FUNDSc Per capita income $3,466–$6,055 St.