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The World Bank Group works in every major area of development. They provide a wide array of financial products and
technical assistance, and they help countries share and apply innovative knowledge and solutions to the challenges that
countries face.

With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank
Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build
shared prosperity in developing countries.

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The World Bank Group is one of the world’s largest sources of funding and
knowledge for developing countries. Its five institutions share a commitment
to reducing poverty, increasing shared prosperity, and promoting sustainable
development.

The World Bank Group (WBG) is a family of five international organizations

that make leveraged loans to developing countries. It is the largest and most
well-known development bank in the world and an observer at the United
Nations Development Group.

The term "World Bank" generally refers to just the IBRD and IDA, whereas the
term "World Bank Group" or "WBG" is used to refer to all five institutions
collectively.
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World Bank Group’s Progression

Conceived in 1944 at the Bretton Woods Monetary Conference in Bretton Woods, New Hampshire, the World Bank’s
initial aim was to help rebuild European countries devastated by World War II.

Its first loan was to France in 1947 for post-war reconstruction.

In the 1950s and 60s, the funding of large infrastructure projects, such as dams, electrical grids, irrigation systems, and
roads was the Bank’s primary focus.

In the 1970s, the Bank shifted its attention to poverty eradication. Development projects reflected people-oriented
objectives rather than exclusively the construction of material structures. Projects related to food production, rural and
urban development, and population, health and nutrition were designed to reach the poor directly.

In the 1980s, the Bank continued to enlarge its focus on issues of social development.

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One World Bank Group

While our five institutions have their own country membership, governing boards, and articles of agreement, we work as
one to serve our partner countries. Today’s development challenges can only be met if the private sector is part of the
solution. But the public sector sets the groundwork to enable private investment and allow it to thrive. The
complementary roles of our institutions give the World Bank Group a unique ability to connect global financial
resources, knowledge, and innovative solutions to the needs of developing countries.

Our Core Values

Impact, Integrity, Respect, Teamwork, and Innovation embody what is most important to us as an institution, and in how
we work with each other, our clients and our partners. They guide the decisions we make and the actions we take in
carrying out our mission.

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The World Bank Group and Our Country

The World Bank Group’s (WBG) partnership with the Philippines spans almost 75 years, providing longstanding support
for infrastructure as well as engagement in key sectors, including governance, social protection, agriculture, water
resources, and disaster risk management. The WBG is also an active partner in helping spur private sector growth,
expanding engagement with civil society, and promoting peace and development in Mindanao.

References:

https://www.worldbank.org/en/home

https://en.wikipedia.org/wiki/World_Bank_Group

https://en.wikipedia.org/wiki/World_Bank

The World Bank Group

The World Bank Group works in every major area of development. They provide a wide array of financial products and
technical assistance, and they help countries share and apply innovative knowledge and solutions to the challenges that
countries face.
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank
Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build
shared prosperity in developing countries.

This is a group which provide financial advice and financial assistance in the form of discounted loans and grants to
countries struggling with poverty with a focus on areas such as health, education and agricultural.

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five
institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable
development.

The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing
countries. It is the largest and most well-known development bank in the world and an observer at the United Nations
Development Group.

The term "World Bank" generally refers to just the IBRD and IDA, whereas the term "World Bank Group" or "WBG" is
used to refer to all five institutions collectively.

Through these institutions, the World Bank Group provides financing, technical assistance, political risk insurance, and
settlement of disputes to private enterprises, including financial institutions.

The World Bank Group is an extended family of five international organizations, and the parent organization of the
World Bank, the collective name given to the first two listed organizations, the IBRD and the IDA

Together, IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to
governments of developing countries. IDA focuses on the world’s poorest countries, while IBRD assists middle-income
and creditworthy poorer countries.

Conceived in 1944 at the Bretton Woods Monetary Conference in Bretton Woods, New Hampshire, the World Bank’s
initial aim was to help rebuild European countries devastated by World War II. The president of the World Bank is
traditionally an American. The World Bank and the IMF are both based in Washington, D.C., and work closely with each
other.

Its first loan was to France in 1947 for post-war reconstruction.

In the 1950s and 60s, the funding of large infrastructure projects, such as dams, electrical grids, irrigation systems, and
roads was the Bank’s primary focus.

In the 1970s, the Bank shifted its attention to poverty eradication. Development projects reflected people-oriented
objectives rather than exclusively the construction of material structures. Projects related to food production, rural and
urban development, and population, health and nutrition were designed to reach the poor directly.

In the 1980s, the Bank continued to enlarge its focus on issues of social development.

Although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom
were the most powerful in attendance and dominated the negotiations. The intention behind the founding of the World
Bank was to provide temporary loans to low-income countries that could not obtain loans commercially. The Bank may
also make loans and demand policy reforms from recipients.

One World Bank Group

While our five institutions have their own country membership, governing boards, and articles of agreement, we work as
one to serve our partner countries. Today’s development challenges can only be met if the private sector is part of the
solution. But the public sector sets the groundwork to enable private investment and allow it to thrive. The
complementary roles of our institutions give the World Bank Group a unique ability to connect global financial
resources, knowledge, and innovative solutions to the needs of developing countries.

To end extreme poverty: By reducing the share of the global population that lives in extreme poverty to 3 percent by
2030. To promote shared prosperity: By increasing the incomes of the poorest 40 percent of people in every country.
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five
institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable
development.

Partnering With Governments

Together, IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to
governments of developing countries.

Partnering With the Private Sector

IFC, MIGA, and ICSID focus on strengthening the private sector in developing countries.

Our Core Values

Impact, Integrity, Respect, Teamwork, and Innovation embody what is most important to us as an institution, and in how
we work with each other, our clients and our partners. They guide the decisions we make and the actions we take in
carrying out our mission.

The World Bank Group and Our Country

The World Bank Group’s (WBG) partnership with the Philippines spans almost 75 years, providing longstanding support
for infrastructure as well as engagement in key sectors, including governance, social protection, agriculture, water
resources, and disaster risk management. The WBG is also an active partner in helping spur private sector growth,
expanding engagement with civil society, and promoting peace and development in Mindanao.

International financial institutions

World bank
Goals of world bank
Five organizations of world bank
International monetary fund
Market integration
European integration
Legal basis of European union
Benefits of euro
Asean integration
Global economy ang outsourcing
ALAGAO, JUSTINE CARL
ASCAÑO, JOHN STEVEN V.
BAUTISTA, NADINE NICOLENE L.
COSTA, STEPHEN CLAUDE C.
CUARTO, STEPHEN H.
DADO, MARY MAXINE L.
DAYE, CHRISTEL M.
DE SAGUN, SCHANELLE MAE C.
DEL ROSARIO, MICAH NICOLE
DIMAPILIS, EDARLEEN JOY F.