World Bank Group
The World Bank Group comprises a group of five legally separate but affiliated institutions: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the International Development Association (IDA), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). It is a vital source of financial and technical assistance to developing countries around the world. It’s mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. Three of the five World Bank Group organizations, namely the IBRD, the IFC, and the IDA, are specialized agencies of the United Nations.
Read more about this topic: List Of Specialized Agencies Of The United Nations
Famous quotes containing the words world, bank and/or group:
“If a weakly mortal is to do anything in the world besides eat the bread thereof, there must be a determined subordination of the whole nature to the one aim—no trifling with time, which is passing, with strength which is only too limited.”
—Beatrice Potter Webb (1858–1943)
“It was like passing a boundary to dive
Into the sun-filled water, brightly leafed
And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)
“The conflict between the need to belong to a group and the need to be seen as unique and individual is the dominant struggle of adolescence.”
—Jeanne Elium (20th century)