About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Email this page Print this page

Glossary: World Bank

 

Photo: The World Bank Group
 

The World Bank Group aims at ending extreme poverty and sharing prosperity. The Group consists of five organizations.

(1) The International Bank for Reconstruction and Development (IBRD) which lends to governments of middle-income and creditworthy low-income countries,

(2) The International Development Association (IDA) which provides interest-free loans and grants to governments of the poorest countries,

(3) The International Finance Corporation (IFC) which helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments,

(4) The Multilateral Investment Guarantee Agency (MIGA) which offers political risk insurance (guarantees) to investors and lenders to promote foreign direct investment into developing countries, and

(5) The International Centre for Settlement of Investment Disputes (ICSID) which provides international facilities for conciliation and arbitration of investment disputes.

 

Related resource: The World Bank Group

 

 

 

back to glossary list

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)