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The World Bank - Coggle Diagram
The World Bank
Our Impact
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153,443 km of roads weee constructed, rehabilitated or upgraded
1,605 projects totaling $129.89 billion operating in 9,395 locations across 72 countries
Our Core Values
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RESPECT - We care for our people, our clients, our partners, and our planet.
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Role
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.
Since 1947, the World Bank has funded over 12,000 development projects, via traditional loans, interest-free credits, and grants.
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.
Function
Today the Bank Group’s work touches nearly every sector that is important to fighting poverty, supporting economic growth, and ensuring sustainable gains in the quality of people’s lives in developing countries.
As demand for its services has increased over time, the Bank Group has risen to meet them. For perspective, the World Bank made four loans totaling $497 million in 1947, as compared to 302 commitments totaling $60 billion in 2015.
The World Bank supports developing countries through policy advice, research and analysis, and technical assistance
Mission
The World Bank helps to address crises while building the foundations for longer-term, sustainable development.
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.
Important Current Issues
The World Bank faces big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
Two Goals to achieve by 2030:
1) End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%
2) Promote shared prosperity by fostering the income growth of the bottom 40% for every country
History
Founded in 1944, the International Bank for Reconstruction and Development—soon called the World Bank—has expanded to a closely associated group of five development institutions.
Originally, its loans helped rebuild countries devastated by World War II. In time, the focus shifted from reconstruction to development, with a heavy emphasis on infrastructure such as dams, electrical grids, irrigation systems, and roads.
Discussion Question
In what way could The World Bank help the American citizens affected by the out of control wild fires on the West Coast that have claimed millions of acres in 2020?