World Bank

PRESIDENT – Dr Jim Yong Kim, MD, PhD
MANDATE

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 $1.25 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.

FORUM OBSERVERSHIP: 2010
DATE FOUNDED: 1944
HEADQUARTERS: Washington DC, United States of America
NO OF MEMBER COUNTRIES: 189
LANGUAGE: English is the working language
WEBSITE: www.worldbank.org