A Guide to the World Bank
292 Pages
English

A Guide to the World Bank

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“A wonderful resource …”
-- CHOICE MAGAZINE
“An exceptional book …”
-- GLOBAL BUSINESS AND ECONOMICS REVIEW
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its mission is to overcome poverty by supporting an inclusive and sustainable development, enhancing growth with care for the environment, and creating individual opportunity and hope. Through its five institutions and in partnership with more than 100 developing countries, the Bank Group strives to improve health and education, fight corruption, boost agricultural support, build roads and ports, and protect the environment. Other projects are aimed at rebuilding war-torn countries or regions, providing basic services such as access to clean water, and encouraging investments that create jobs. In addition to this critical groundwork around the world, various parts of the World Bank Group are involved in activities ranging from conducting economic research and analysis to providing financial and advisory services to governments and private enterprises.
This new, updated third edition of A Guide to the World Bank provides readers with an accessible and comprehensive overview of the Bank Group’s history, organization, mission, and work. It highlights the numerous activities and organizational challenges faced by the institution, and explains how the Bank Group is reforming itself to meet the needs of a multipolar, post financial crisis world. The book then chronicles the Bank Group’s work in such areas as climate change, infrastructure, financial and food crises, rural and urban development, remittances and migration, and debt relief. For those wishing to delve further into areas of particular interest, the book guides readers to sources containing more detailed information, including publications, Web sites, electronic products, and even mobile phone applications.
NEW! For the first time, this Guide is published with a companion World Bank at a Glance app, which offers readers a wealth of information about the Bank Group at one’s fingertips while also keeping readers up to date on Bank Group activities.

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Published 29 June 2011
Reads 25
EAN13 9780821385456
Language English
Document size 3 MB

A guide to
The World Bank
THIRD EDITIONA guide to
The World BankA guide to
The World Bank
THIRD EDITION© 2011 The International Bank for Reconstruction and Development / The World Bank
1818 H Street NW
Washington DC 20433
Telephone: 202-473-1000
Internet: www.worldbank.org
All rights reserved
1 2 3 4 14 13 12 11
This volume is a product of the staff of the International Bank for Reconstruction and Develop-
ment / The World Bank. The fi ndings, interpretations, and conclusions expressed in this volume
do not necessarily refl ect the views of the Executive Directors of The World Bank or the govern-
ments they represent.
The World Bank does not guarantee the accuracy of the data included in this work. The
boundaries, colors, denominations, and other information shown on any map in this work do not
imply any judgement on the part of The World Bank concerning the legal status of any territory
or the endorsement or acceptance of such boundaries.
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The material in this publication is copyrighted. Copying and/or transmitting portions or all of
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All other queries on rights and licenses, including subsidiary rights, should be addressed to
the Offi ce of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA;
fax: 202-522-2422; e-mail: pubrights@worldbank.org.
ISBN: 978-0-8213-8545-6
eISBN: 978-0-8213-8657-6
DOI: 10.1596/978-0-8213-8545-6
Library of Congress Cataloging-in-Publication Data
A guide to the World Bank. — 3rd ed.
p. cm.
Includes bibliographical references and index.
ISBN 978-0-8213-8545-6 — ISBN 978-0-8213-8657-6 (electronic)
1. World Bank Group. 2. Developing countries—Economic conditions. 3. Economic
assistance. 4. Economic development. I. World Bank.
HG3881.5.W57G853 2011
332.1’532—dc23
2011023128
Cover design: Bill Pragluski, Critical Stages LLC (http://www.criticalstages.com)
Cover photos (clockwise from lower left): Curt Carnemark, Arne Hoel, Dana Smillie
Interior photos: Curt Carnemark (page xviii); IFC (page xx); Laura McDaniel (page 6); Dana
Smillie (page 50); Yuri Mechitov (page 158); Scott Wallace (page 202)CONTENTS
Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xi
Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . xiii
Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .xv
The World Bank Group Mission . . . . . . . . . . . . . . . . xix
Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1 How the World Bank Group Is Organized . . . . . . . . . .7
Governance of the World Bank Group . . . . . . . . . . . . 7
The Five World Bank Group Institutions . . . . . . . . . 10
O rganizing Principles within the World Bank Group . . 29
W orld Bank Group’s Relationship to the IMF
and the United Nations . . . . . . . . . . . . . . . . . . . . . 46
2 How the World Bank Group Operates . . . . . . . . . . . .51
Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Policies and Procedures . . . . . . . . . . . . . . . . . . . . . . . 61
The Bank Group’s Finances . . . . . . . . . . . . . . . . . . . . 67
Financial Products and Services . . . . . . . . . . . . . . . . . 74
Knowledge Sharing . . . . . . . . . . . . . . . . . . . . . . . . . . 81
World Bank Project Cycle . . . . . . . . . . . . . . . . . . . . . 88
IFC Project Cycle . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
Partnerships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
Staff, Consultants, and Vendors . . . . . . . . . . . . . . . 102
3 World Bank Group Countries and Regions . . . . . . . 107
Member Countries . . . . . . . . . . . . . . . . . . . . . . . . . 108
Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117
East Asia and the Pacifi c . . . . . . . . . . . . . . . . . . . . . 124
vvi Contents
Europe and Central Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130
Latin America and the Caribbean . . . . . . . . . . . . . . . . . . . . . . . . . 136
Middle East and North Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143
South Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
4 Topics in Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159
Agriculture and Rural Development . . . . . . . . . . . . . . . . . . . . . . . 160
Aid Effectiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161
Children and Youth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162
Climate Change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163
Combating Corruption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165
Debt Relief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166
Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168
Energy Access and Renewable Energy . . . . . . . . . . . . . . . . . . . . . . 170
Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172
Extractive Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174
Financial Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175
Financial Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176
Food Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179
Fragile and Confl ict-Affected Countries . . . . . . . . . . . . . . . . . . . . 180
Gender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181
Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182
Health, Nutrition, and Population. . . . . . . . . . . . . . . . . . . . . . . . . 183
Information and Communication Technologies . . . . . . . . . . . . . . 185
Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186
Labor and Social Protection. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188
Law and Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189
Migration and Remittances 190
Poverty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191
Private Sector Development 192
Social Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
Sustainable Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
Trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196
Transport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197
Urban Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198
Water199
World Bank Reform200Contents vii
APPENDIXES
A. Contacting the World Bank Group . . . . . . . . . . . . . . . . . . . . . . 205
Headquarters and General Inquiries . . . . . . . . . . . . . . . . . . . . . 205
Media Relations, News, and Public Affairs . . . . . . . . . . . . . . . . 206
Public Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207
B. Timeline of World Bank Group History . . . . . . . . . . . . . . . . . . .209
C. Presidents of the World Bank Group . . . . . . . . . . . . . . . . . . . . . 219
D. Country Membership in World Bank Group Institutions . . . . . . 221
E. Constituencies of the Executive Directors . . . . . . . . . . . . . . . . . 231
F. Additional Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 245
Boxes
1 The Five World Bank Group Institutions . . . . . . . . . . . . . . . . . . . . 2
2 Millennium Development Goals . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.1 World Bank Group President Robert B. Zoellick . . . . . . . . . . . . . 11
1.2 Origin of the Term “World Bank” . . . . . . . . . . . . . . . . . . . . . . . . 11
1.3 IBRD Basic Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
1.4 IDA Basic Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
1.5 IFC Basic Facts. 22
1.6 MIGA Basic Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
1.7 ICSID Basic Facts. 28
2.1 Poverty Reduction Strategies: Key Steps . . . . . . . . . . . . . . . . . . . . 59
2.2 Reporting Fraud or Corruption . . . . . . . . . . . . . . . . . . . . . . . . . . 65
2.3 Financial Terms and Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
2.4 Obtaining World Bank Group Publications . . . . . . . . . . . . . . . . . 88
2.5 W eb Links for Project Information, Disclosure, and Evaluation . . . . . 95
3.1 Web Links for Country Membership Information . . . . . . . . . . . 108
3.2 IBRD Graduates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111
3.3 Africa Fast Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
3.4 East Asia and the Pacifi c Fast Facts . . . . . . . . . . . . . . . . . . . . . . 125
3.5 Europe and Central Asia Fast Facts131
3.6 Latin America and the Caribbean Fast Facts . . . . . . . . . . . . . . . 137
3.7 Middle East and North Africa Fast Facts . . . . . . . . . . . . . . . . . . 144viii Contents
3.8 South Asia Fast Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151
F.1 Regional Websites . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242
F.2 E lectronic Products: Online Resources and
Mobile Applications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243
Figures
1.1 R elationship of Member Countries and the
World Bank Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
1.2 V oting Power of the Largest Shareholders
(Member Countries) of IBRD . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
1.3 World Bank Organizational Structure, 2011 . . . . . . . . . . . . . . . . 30
1.4 IFC Organizational Structure, 2011 . . . . . . . . . . . . . . . . . . . . . . . 32
1.5 MIGA Organizational Structure, 2011 . . . . . . . . . . . . . . . . . . . . 34
2.1 Total IBRD-IDA Lending by Theme, Fiscal Year 2010 . . . . . . . . 56
2.2 Total IBRD- IDA Lending by Sector, Fiscal Year 2010 . . . . . . . . 56
2.3 IFC Investment Projects by Industry, Fiscal Year 2010 . . . . . . . . . 57
2.4 MIGA Guarantees Issued by Sector, Fiscal Year 2010 . . . . . . . . . 57
2.5 World Bank Project Cycle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
3.1 Total IBRD-IDA Lending by Region, Fiscal Year 2010 . . . . . . . 115
3.2 IFC Investment Projects by Region, Fiscal Year 2010 . . . . . . . . . 115
3.3 M IGA’s Outstanding Portfolio Distribution by
Host Region, June 30, 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116
3.4 Africa: IBRD and IDA Lending by Theme, Fiscal Year 2010 . . . 120
3.5 Africa: IBRD and IDA Lending by Sector, Fiscal Year 2010 . . . 121
3.6 E ast Asia and the Pacifi c: IBRD and IDA Lending by
Theme, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127
3.7 E ast Asia and the Pacifi c: IBRD and IDA Lending
by Sector, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128
3.8 Eu rope and Central Asia: IBRD and IDA Lending
by Theme, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132
3.9 Eu rope and Central Asia: IBRD and IDA Lending
by Sector, Fiscal Year 2010 133
3.10 L atin America and the Caribbean: IBRD and IDA
Lending by Theme, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . 139
3.11 L atin America and the Caribbean: IBRD and IDA
Lending by Sector, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . 140
3.12 M iddle East and North Africa: IBRD and IDA Lending
by Theme, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146
3.13 M iddle East and North Africa: IBRD and IDA Lending
by Sector, Fiscal Year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147