World Bank’s International Comparison Program
World Bank’s Data Catalog
The World Bank Group has set two goals for the world to achieve by 2030:
- End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%
- Promote shared prosperity by fostering the income growth of the bottom 40% for every country
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.
Financial Products and Services
We provide low-interest loans, zero to low-interest credits, and grants to developing countries. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Some of our projects are cofinanced with governments, other multilateral institutions, commercial banks, export credit agencies, and private sector investors.
We also provide or facilitate financing through trust fund partnerships with bilateral and multilateral donors. Many partners have asked the Bank to help manage initiatives that address needs across a wide range of sectors and developing regions.
Innovative Knowledge Sharing
We offer support to developing countries through policy advice, research and analysis, and technical assistance. Our analytical work often underpins World Bank financing and helps inform developing countries’ own investments. In addition, we support capacity development in the countries we serve. We also sponsor, host, or participate in many conferences and forums on issues of development, often in collaboration with partners.
To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the Bank is constantly seeking to improve the way it shares its knowledge and engages with clients and the public at large. Key priorities include:
- Results: We continue to sharpen our focus on helping developing countries deliver measurable results.
- Reform: We are working to improve every aspect of our work: how projects are designed, how information is made available (Access to Information), and how to bring our operations closer to client governments and communities.
- Open Development: We offer a growing range of free, easy-to-access tools, research and knowledge to help people address the world’s development challenges. For example, the Open Data website offers free access to comprehensive, downloadable indicators about development in countries around the globe. We have also made World Bank Live—live discussions open to participants worldwide—a key part of our Spring and Annual Meetings with the International Monetary Fund.
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.
Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. These bodies make all major decisions for the organizations.
To become a member of the Bank, under the IBRD Articles of Agreement, a country must first join the International Monetary Fund (IMF). Membership in IDA, IFC and MIGA are conditional on membership in IBRD.
In tandem with the IMF, and in consultation with other World Bank Group staff, the Corporate Secretariat Vice Presidency coordinates the process for new membership and maintains the information relating to the status of membership which includes the membership lists.
Since inception in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions. Our mission evolved from the International Bank for Reconstruction and Development (IBRD) as facilitator of post-war reconstruction and development to the present-day mandate of worldwide poverty alleviation in close coordination with our affiliate, the International Development Association, and other members of the World Bank Group, the International Finance Corporation (IFC), the Multilateral Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).
Who collected it, how they collected it, and how they present it:
Once, we had a homogeneous staff of engineers and financial analysts, based solely in Washington, D.C. Today, we have a multidisciplinary and diverse staff that includes economists, public policy experts, sector experts and social scientists—and now more than a third of our staff is based in country offices.
Reconstruction remains an important part of our work. However, at today’s World Bank, poverty reduction through an inclusive and sustainable globalization remains the overarching goal of our work.
Time period it covers:
Disaster Risk Management
Early Childhood Development
Education and Technology
Financial Market Integrity
Fragility, Conflict, and Violence
HIV and AIDS
Inequality and Shared Prosperity
Information and Communication Technologies
Innovations in Development
Irrigation and Drainage
Jobs and Poverty
Jobs and Development
Law, Justice and Development
Macroeconomics & Fiscal Management
Migration and Remittances
Millennium Development Goals
Payment Systems & Remittances
Primary and Secondary Education
Reproductive, Maternal, and Child Health
Road to Refuge
Social Protection and Labor