World Bank

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The World Bank was established in 1944 and is headquartered in Washington, D.C with more than 100 offices worldwide and over 10,000 employees.

The World Bank is divided into two development institutions owned by 186 member countries:

1. The International Bank for Reconstruction and Development (IBRD) aims to reduce poverty in middle-income and creditworthy poorer countries.

2. The International Development Association (IDA)focuses on the world’s poorest countries.

Also part of the Worldbank are the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID).

The World Bank provides financial and technical assistance to developing countries around the world. The mission is to decrease poverty and to help people and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. Low-interest loans, interest-free credits and grants are provided to developing countries for a wide array of purposes that also include investments in various sectors. [1]


Progress Initiatives

The World Bank created a new open data initiative to provide free and easy access to statistics and indicators about mainly development issues that is online available to everyone without any user restrictions. Furthermore, the aim is to find new ideas and solutions in order to reduce poverty.

The World Bank Group believes in the extreme importance and future of open data initiatives. President Robert B. Zoellick explains: “I believe it’s important to make the data and knowledge of the World Bank available to everyone. Statistics tell the story of people in developing and emerging countries and can play an important part in helping to overcome poverty. They are now easily accessible on the Web for all users, and can be used to create new apps for development.” [2]

The data catalog is available in four languages in English, Spanish, French and Arabic. It includes over 2,000 time series indicators for over 200 economies in the world.In addition to providing open access to the WDI, to the Global Development Finance, Africa Development Indicators, Global Economic Monitor, and indicators from the Doing Business Report.


The World Bank Climate Change Knowledge Portal

The Climate Change Knowledge Portal (CCKP) Beta is a central hub of information, data and reports about climate change around the world. Here you can query, map, compare, chart and summarize key climate and climate-related information. Read More


Global Economic Prospects Report

The World Bank’s twice-yearly Global Economic Prospects examines growth trends for the global economy and how they affect developing countries. The reports include three-year forecasts for the global economy and long-term global scenarios which look ten years into the future. Topical annexes in this online publication cover financial markets, trade, commodities, and inflation.[3]


Progess Papers and Publications


  1. World Bank Offical website
  2. World Bank Website Open data measures progress
  3. World Bank Website – Data and Research


See Also


External Links


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