 A global connector of knowledge, learning and innovation for poverty reduction with a focus on how to reform.  Created to help reduce poverty and support reconstruction of developing countries  Headquarters based in Washington, D.C.

 1. International Back for Reconstruction Development (IBRD)  2. International Development Association (IDA)  3. International Finance Corporation (IFC)  4. Multilateral Investment Guarantee Agency (MIGA)  5. International Centre for Settlement of Investment Disputes (ICSID)

 Known as IBRD  Tends to governments of middle-income and creditworthy low-income countries  188 member nations

 Shortened to IDA  provides interest-free loans—called credits—and grants to governments of the poorest countries  172 members nations

 Largest global development institution focused exclusively on private sector  Help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.  184 members nations

 Created in 1988  Promotes foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives.  Fulfills this mandate by offering political risk insurance to investors and lenders.  179 members nations

 Provides facilities for conciliation and arbitration of investment disputes  142 members

 Provides area of support for newly developing countries by open knowledge (how to reform), collaborative governance (mobilize for collaborative action), innovative solutions (overcome struggles in development)  Provide technical and financial support  Reducing poverty is still a long-term goal to reach

 A constitution, it is a compilation of 11 articles.  Agreement if from Internation Back of Reconstruction Development (IBRD) but accounts for World Bank Institute as well  1. Help in reconstruction and development of members  2. Promotes private foreign investment and agreement in loans  3. Encourage long-reaching growth of international trade like NAFTA but internationally trade with membership countries  4. Guaranteed to international loans through useful projects, on large or small scale, but most important issue comes first

 Expanded from one institute into a collaboration of five development institutions  Created in 1944, 69 years old  Drastic increase in assistance of social media and media in general  Focus changes from financial support to access of world knowledge and transparency of government and accountability

 Total of 188 members  Islamic Republic of Iran: December 29, 1945  Mexico: December 31, 1945  Nigeria: March 30, 1961  United Kingdom: December 27, 1945  Russia: not in the World Bank  China: December 27, 1945  Also collaborates with the United Nations in areas such as fragile states, climate change, and human development.

 First President was Eugene Meyer  Current President: Jim Yong Kim (12 th president)  Elected by Board of Governors with a 5 year, renewable term  Board of Governors: ultimate policymakers, ministers of finance  25 Executive Directors: work on-site, meet twice a week to oversee the Bank’s business (approval of loans, new policies etc)

 Encourages co-financing  Improves private sector  Participation on tariffs  Access to capital markets for private sector  Lower cost of financing  Improve project sustainability  Reduce risk of private transaction in emerging countries

 accused of not involving communities in decision-making  assumes that benefits will help the poor rather than the rich and powerful  accused of paying little attention to rural poverty

 Iran: Northern Cities Water Supply and Sanitation Project  China: Hunan Forest Restoration and Development Project  Mexico: Sustainable Rural Development Additional Financing  Russia: Microfinance Development Project  Nigeria: NG-Polio Eradication Support  United Kingdom: Shareholder of World Bank. The Department of External Affairs of the World Bank manages day-to-day relations with British Constituencies, including government, parliamentarians, private sector, civil society, academics, and media.

 "Resources." News & Broadcast. The World Bank Group, Web. 20 Mar  Vidal, John. "World Bank Spending on Forests Fails to Curb Poverty, Auditors Claim." The Guardian. Guardian News and Media, 29 Jan Web. 20 Mar  "Bad Samaritans." Multinational Monitor. Corporate Accountability Research, Oct Web. 20 Mar  "Site Tools." About Us. The World Bank Group, n.d. Web. 20 Mar  "Microfinance Development Project." The World Bank. The World Bank Group, n.d. Web. 21 Mar

 "United Kingdom and the World Bank." The World Bank. The World Bank Group, n.d. Web. 20 Mar  "Projects & Operations." The World Bank. The World Bank Group, n.d. Web. 21 Mar  "Hunan Forest Restoration and Development Project." The World Bank. The World Bank Group, n.d. Web. 21 Mar  “Sustainable Rural Development.“ The World Bank. The World Bank Group, n.d. Web. 21 Mar  "NG-Polio Eradication Support (FY13)." The World Bank. The World Bank Group, n.d. Web. 21 Mar