There are some of the facts that you should know about world bank for the preparation of your competitive exams. Currently, the membership of the world bank is given to 189 countries under IBRD and 173 countries under IDA. It has the ability to deploy a variety of financing and risk-sharing instruments in support of both private and public investment. The World Bank is a component of the World Bank Group. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). This document rests on three considerations. The World Bank is an international organization that offers developmental assistance to middle-income and low-income countries. GK questions and answers on the international institutions are always asked in many competitive exams held in India. Read this article to learn about the organisation, structure, capital resources, objectives and function of world bank! The World Bank Group has two ambitious goals: ending extreme poverty and boosting shared prosperity. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. Learn more about World Bank data, research, news, and leadership. In general, Trust Funds are not intended to generate financial returns. These organisations play a pivotal role in global health and their legitimacy and accountability have attracted a lot of debate and criticism. 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. The Role of the IBRD. First, it is aspirational in nature—particularly on enhancing the use of evaluations.   The Bank's stated purpose is to "bridge the economic divide between poor and rich countries." Furthermore, its members sponsor and participate in conferences and other events that tackle the world's development challenges. The World Bank has knowledge and experience in sectors as diverse as infrastructure, agriculture, health, education, pensions, and financial regulation. Pew Research Center, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, Centre for the Fourth Industrial Revolution, Schwab Foundation for Social Entrepreneurship. In this article, we have published 10 gk questions based on the World Bank …   It focuses on improving education, health, and infrastructure. The World Bank is a vital source of financial and technical assistance to developing countries around the world. Donors subsidize these poverty- focused parts of the Bank … World Bank Group also holds Trust Funds supported by donors and used for pre-specified purposes related to addressing poverty (broadly defined) such as fighting AIDS and malaria, immunizing children, or promoting access to education in the developing world.. The World Bank Group comprises five institutions managed by their member countries. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.It is the largest and most well-known development bank in the world and is an observer at the United Nations Development Group. World Bank Group’s strategic focus; (b) clarify the roles and responsibilities of key actors and encourage synergy among them throughout the evaluation process; and (c) ensure that all World Bank Group evaluations are robust, of high quality, and credible. The World Bank provides low-interest loans, interest-free credit, and grants. They are: Jim Yong Kim is currently the president of the world bank. Another function of the World Bank is to promote environmental sustainability and green growth. This essay aims to analyse and evaluate the roles of three international institutes namely the International Monetary Fund (IMF), the World Bank and the World Trade Organisation (WTO). It also uses funds to modernize a country's financial sector, agriculture, and natural resources management. Facts about the World Bank. World Bank Purpose and Function . The first World Bank loan to India was in 1948 of US$ 86 bn. The debt disbursed and outstanding as on March 2011 for IBRD is US$ 11.28 and for IDA it is US$ 27 bn. Founded in 1944, the World …