International Bank for Reconstruction and Development (World Bank)

The International Bank for Reconstruction and Development (World Bank), established in 1945, continued to promote economic and social progress in developing nations by helping to raise productivity. In 1996, poverty reduction and sustainable development remained the Bank’s central objectives. Together with one of its affiliates, the International Development Association (IDA), the Bank provided loans to the developing world, as well as assistance in designing and implementing policies to expand markets and strengthen the economies of developing countries. Several initiatives were launched during the fiscal year 1996 (1 July 1995-30 June 1996) to strengthen the Bank’s development effectiveness and to focus Bank efforts on client services.

Sustainable Development Goals:

Peace, Justice and Strong Institutions

Partnerships for the Goals