Current Board Members
The World Bank Group
World Banks mission is to fight poverty with passion and professionalism
for lasting results.Founded in 1944, the World Bank Group consists
of five closely associated institutions: the
International Bank for Reconstruction and Development (IBRD);
Development Association (IDA),
Finance Corporation (IFC); Multilateral
Investment Guarantee Agency (MIGA); and the
International Centre for Settlement of Investment Disputes (ICSID).
James D. Wolfensohn is the President of the five institutions.
The World Bank is owned by more than 180 member
countries whose views and interests are represented by a Board of
Governors and a Washington-based Board of Directors.
The World Bank is the worlds largest source
of development assistance, providing nearly $30 billion in loans
annually to its client countries. The Bank uses its financial resources,
its highly trained staff, and its extensive knowledge base to individually
help each developing country onto a path of stable, sustainable,
and equitable growth. The main focus is on helping the poorest people
and the poorest countries, but for all its clients the Bank emphasizes
the need for:
- Investing in people, particularly through
basic health and education
- Protecting the environment
- Supporting and encouraging private business
- Strengthening the ability of the governments
to deliver quality services, efficiently and transparently
- Promoting reforms to create a stable macroeconomic
environment, conducive to investment and long-term planning
- Focusing on social development, inclusion,
governance, and institution-building as key elements of poverty
The Bank is also helping countries to strengthen
and sustain the fundamental conditions they need to attract and
retain private investment.
World Banks Involvement with GAVI
The World Bank is a partner in
GAVI, and co-chairs GAVIs Task Force on Financing. The Bank
is committed to increasing its contribution to immunization through:
- enhancing its policy dialogue with Ministries
of Finance and Ministries of Health and other partners to encourage
recognition of the value of immunization and new vaccine development;
- expanding its loans and credits in support
- consulting and working with public and private
sector partners to create new financing options to accelerate
the development of an HIV/AIDS vaccine and other priority vaccines,
such as against malaria or tuberculosis.
For more information about The World Bank see
and for its Vaccines section, see here.