Policy Innovations The central address for a fairer globalization

A publication of the Carnegie Council

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World Bank

Description	The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. The World Bank is made up of two unique development institutions owned by 184 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in the World Bank mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together these institutions provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.

Related People	Brian Levy, Adviser, Public Sector Governance Branko Milanovic, Adjunct Scholar Heike Reichelt, Head of Investor Relations and New Products Otaviano Canuto, Vice President and Head of the Poverty Reduction and Economic Management Network

Contact	1818 H Street, NW Washington, DC 20433 UNITED STATES Phone: (202) 473-1000 Fax: (202) 477-6391

Website	http://www.worldbank.org/ (link opens in a new window)