Coursework

1. Ming Liu
Fact Sheet, Backgrounder, Q&A and Talking Points
1
Fact Sheet: The World Bank
Priorities:
 To end global extreme poverty
 To promote shared prosperity
 To create sustainable economic growth
Duty:
 Assist developing countries to develop projects and policies
 Provide financial technologies and advice
 Create access to global expertise and knowledge
 Release annual reports
 Host annual meetings
Institutions:
 The International Bank for Reconstruction and Development
 The International Development Association
 The International Finance Corporation
 The Multilateral Investment Guarantee Agency
 The International Centre for Settlement of Investment Disputes
Membership:
 189 member countries
 Board of governors
 Board of directors
 Staff from over 170 countries
Establishment:
 Found in Washington D.C.in 1944
 Helped to rebuild countries devasted by World War II
 Shifted the focus from reconstruction to development
 Put emphasis on the poorest countries in 1960
 Funded over 12,000 development projects
Development Topics
 Poverty
 Climate change
 Agriculture and Food
 Gender
 Education
Founded in 1944, the World Bank is one of the world’s largest sources
of funding and knowledge for developing countries.

2. Ming Liu
Fact Sheet, Backgrounder, Q&A and Talking Points
2
Backgrounder: The World Bank Group
Priorities:
The World Bank Group aims to end global extreme poverty, promote shared prosperity and
create sustainable economic growth for developing countries.
Duty:
The World Bank assists developing countries to develop projects and policies; provides financial
technologies and advice; creates access to global expertise and knowledge. The World bank also
release annual reports and host annual meetings.
Institution:
The World Bank assists developing countries to develop projects and policies. It provides
financial technologies and advice; The World Bank creates access to global expertise and
knowledge. It also releases annual reports and hosts annual meetings.
Membership:
 The International Bank for Reconstruction and Development
 The International Development Association
 The International Finance Corporation
 The Multilateral Investment Guarantee Agency
 The International Centre for Settlement of Investment Disputes
Establishment:
Found in Washington D.C.in 1944, the World Bank is formerly called the International Bank for
Reconstruction and Development. The World Bank originally lent loans to help countries to
rebuild after World War II.
The World Bank later shifted the focus from reconstruction to development, with a heavy
emphasis on infrastructure. The launch of the International Development Association in 1960 put
emphasis on the poorest countries. It was a steady shift toward the eradication of poverty which
became the primary goal of the World Bank. Since then, the World Bank has funded over 12,000
development projects.
Development Topics:
The World Bank shares knowledge and expertise on more than 30 major sectors of development,
including poverty, climate change, agriculture and food, gender and Education. The goal is to
help developing countries find solutions to solve global and domestic challenges.
Q&A: The World Bank
Founded in 1944, the World Bank is one of the world’s largest sources
of funding and knowledge for developing countries.

3. Ming Liu
Fact Sheet, Backgrounder, Q&A and Talking Points
3
What are the priorities of the World Bank?
Our priorities are to end extreme poverty, to promote shared prosperity and to create sustainable
economic growth.
What is the duty of the World Bank?
The World Bank works in every major area of development. We assist developing countries to
develop projects and policies; provide financial technologies and advice. We create access for
countries to global expertise and knowledge. We also release annual reports and host annual
meetings.
How many institutions is comprised by the World Bank?
The World Bank Group has five institutions: the International Bank for Reconstruction and
Development, the International Development Association, the International Finance Corporation,
the Multilateral Investment Guarantee Agency and the International Centre for Settlement of
Investment Disputes. They share a commitment to reduce poverty, increase shared prosperity,
and promote sustainable development.
How is the World Bank constituted?
 The World Bank comprises 189 member countries.
 A board of Governors represents these member countries or shareholders.
 25 executive directors work on-site at the Bank.
 Staff from over 170 countries run the day-to-day operation in 130 locations of the world.
What is the brief history of the World Bank?
Found in Washington D.C.in 1944, the World Bank is formerly called the International Bank for
Reconstruction and Development. The World Bank originally lent loans to help countries to
rebuild after World War II.
The World Bank later shifted the focus from reconstruction to development, with a heavy
emphasis on infrastructure. The launch of the International Development Association in 1960 put
emphasis on the poorest countries. It was a steady shift toward the eradication of poverty which
became the primary goal of the World Bank. Since then, the World Bank has funded over 12,000
development projects.
Does the World Bank only focus on the economic development?
No, the world bank shares knowledge and expertise on more than 30 major sectors of
development. Today, we help developing countries to fight poverty, adapt climate change, boost
agriculture and food, leverage gender equality and promote education. The goal is to help
member countries find solutions to solve global and domestic challenges.

4. Ming Liu
Fact Sheet, Backgrounder, Q&A and Talking Points
4
Talking Point: The World Bank:
The World Bank’s priorities are:
 To end global extreme poverty
 To promote shared prosperity
 To create sustainable economic growth
The World Bank provides
 Low-interest loans, zero to low-interest credits and grants
 Investments in areas such as health, education agriculture and environment
 Facilitate financing through trust fund partnership
 Policy advice, research and analysis
 Capacity development
 Annual reports and conferences
There are five Institutions under the World Bank Group :
 The International Bank for Reconstruction and Development
o The world largest development bank
o provides financial products and advice
 The International Development Association
o Provides loans and grants for programs of the poorest countries
 The International Finance Corporation
o Offers financial resources and technical expertise
o Target private sectors
 The Multilateral Investment Guarantee Agency
o Provides guarantees to cross-border investors in developing countries
o Guarantee: risk insurance and credit enhancement
 The International Centre for Settlement of Investment Disputes
o Focuses on international investment dispute settlement
The Cooperation:
 189 member countries
 Board of Governors represents these member countries or shareholders
o Policymakers at the World Bank
o Member countries' ministers of finance or ministers of development
 25 Executive Directors
o Governors delegate specific duties
o Work on-site at the Bank
o The five largest shareholders appoint an executive director
o Elected executive directors represents other member countries
 More than 10,000 staff
o from over 170 countries
o Work at offices in over 130 locations of the world