May 23, 2017 4:07 AM ET

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Company Overview of The World Bank Group

Company Overview

The World Bank Group provides financial and technical assistance services for the developing countries. It offers low-interest loans, interest-free credits, and grants for education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The company also provides analytical services such as poverty assessments, public expenditure reviews, country economic reports, sector reports, and capacity building; advisory services that include foreign investment, investment promotion, and treasury client services; and consulting services. In addition, it offers financing for businesses and governments; gua...

1818 H Street NW

Washington, DC 20433

United States

Founded in 1944

Phone:

202-473-1000

Fax:

202-477-6391

Key Executives for The World Bank Group

Chief Executive Officer
President
Age: 56
Chair, Chief Operating Officer and Managing Director
Chief Financial Officer and Managing Director
Chief Administrative Officer and Managing Director
Compensation as of Fiscal Year 2016.

The World Bank Group Key Developments

The World Bank Group Presents at The 20th Annual Milken Institute Global Conference, Apr-30-2017 through May-03-2017

The World Bank Group Presents at The 20th Annual Milken Institute Global Conference, Apr-30-2017 through May-03-2017. Venue: The Beverly Hilton, 9876 Wilshire Boulevard, Beverly Hills, CA 90210, California, United States. Presentation Date & Speakers: Apr-30-2017, Jim Yong Kim, President. May-01-2017, Ana Carvajal, Lead Financial Sector Specialist, Jim Yong Kim, President.

World Bank Group Appoints Pascale Dubois as Vice President of Integrity

World Bank Group President Jim Yong Kim announced the appointment of Pascale Helene Dubois as World Bank Group Vice President for Integrity. Ms. Dubois currently serves as the co-chair of the Anti-corruption Committee of the International Bar Association, and previously served in the same capacity for the American Bar Associations Section of International Law. This appointment is effective July 1st, 2017.

World Bank Group and Asian Infrastructure Investment Bank Sign Memorandum of Understanding

World Bank Group and Asian Infrastructure Investment Bank have signed a memorandum of understanding to strengthen cooperation and knowledge sharing between the institutions. The memorandum of understanding provides an overall framework for cooperation between the World Bank Group and AIIB in common areas of interest, including development financing, staff exchanges, and analytical and sector work. It paves the way for the two institutions to further enhance coordination at the regional and country levels. The World Bank Group and the AIIB signed a Co-Financing Framework Agreement for investment projects a year ago. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in Pakistan, a natural gas pipeline in Azerbaijan, and slum upgrading, dam safety, and regional infrastructure development in Indonesia. The two institutions are discussing more projects to be co-financed in 2017 and 2018. In addition, the AIIB and the International Finance Corporation, a member of the World Bank Group, have co-invested in a power sector project in Myanmar and are discussing additional potential projects.

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