International Development Association

Inclusive of everyone, including women and young people. Resilient to shocks, including against climate and biodiversity crises, pandemics and fragility. Sustainable, through growth and job creation, human development, fiscal and debt management, food security and access to clean air, water, and affordable energy. To achieve this, we will work with all clients as one World Bank Group, in close partnership with other multilateral institutions, the private sector, and civil society. Working together to reduce poverty and promote sustainable development with knowledge, financing, and expertise. Provides financial products and policy advice to help middle-income and creditworthy low-income countries reduce poverty and respond to regional and global challenges. Offers grants and low-interest loans help low-income countries invest in their futures, improve lives, and create safer, more prosperous communities around the world. Advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. Provides political risk insurance (guarantees) for projects in a broad range of sectors in developing member countries, covering all regions of the world. Provide sustainable food systems, water, and economies for healthy people and a healthy planet. “Business as usual is not going to change the world for our grandchildren.” Ajay Banga, President, World Bank Group and Dr. Akinwumi A. Adesina, President, African Development Bank Group. The world's challenges are increasingly complex. Solving them requires strong global partnerships with governments, communities, NGOs, and businesses.This is description U.S. Treasury Secretary and Bretton Woods Conference President Henry Morgenthau Jr. speaks to delegates at the Bretton Woods Conference in July 1944. This conference resulted in the formation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank). Construction in 1965 of a new railway line running from Sarajevo to Ploče in Yugoslavia with financial assistance from the World Bank. When the Marshall Plan took over post-war reconstruction efforts in Europe, the World Bank quickly shifted to funding infrastructure projects around the world. Construction of a reservoir in São Paulo, Brazil, in 1973, with World Bank funding, aimed to improve water supply and sewerage services in and around the city. This was the first comprehensive action taken to restore ecological balance in the rivers and part of the Bank’s first loan for environmental projects. A local women’s group in Kenya, 2008. In collaboration with the United Nations’ Millennium Development Goals and the Sustainable Development Goals, the World Bank entered the new century emphasizing community-driven development, aid coordination, safeguarding vulnerable groups, and addressing climate change.