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:
“I see Canada as a country torn between a very northern, rather extraordinary, mystical spirit which it fears and its desire to present itself to the world as a Scotch banker.”
—Robertson Davies (b. 1913)
“That strain again, it had a dying fall;
O, it came o’er my ear like the sweet sound
That breathes upon a bank of violets,
Stealing and giving odor. Enough, no more,
‘Tis not so sweet now as it was before.”
—William Shakespeare (1564–1616)
“With a group of bankers I always had the feeling that success was measured by the extent one gave nothing away.”
—Francis Aungier, Pakenham, 7th Earl Longford (b. 1905)