The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). The first two are sometimes collectively referred to as the World Bank.
The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1960 to complement the existing International Bank for Reconstruction and Development by lending to developing countries which suffer from the lowest gross national income, from troubled creditworthiness, or from the lowest per capita income. Together, the International Development Association and International Bank for Reconstruction and Development are collectively generally known as the World Bank, as they follow the same executive leadership and operate with the same staff.
The United Nations Development Programme (UNDP) is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries.
The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations.
The Financial Action Task Force (FATF), also known by its French name, Groupe d'action financière (GAFI), is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to include terrorism financing.
International aid has been provided to Palestinians since at least the 1948 Arab–Israeli War. The Palestinians view the aid as keeping the Israeli–Palestinian peace process going, while the Israelis claim that it is used to fund terrorism and removes the imperative to Palestinians to negotiate a settlement of the Israel-Palestinian conflict. The Palestinian National Authority (PA), within the West Bank and Gaza Strip, receives one of the highest levels of aid in the world. Aid has been provided to the Palestinian Authority, Palestinian non-governmental organizations (PNGOs) as well as Palestinian political factions by various foreign governments, international organisations, international non-governmental organizations (INGOs), and charities, besides other sources.
The Human Rights Foundation (HRF) is a non-profit organization that focuses on promoting and protecting human rights globally, with an emphasis on closed societies. HRF organizes the Oslo Freedom Forum. The Human Rights Foundation was founded in 2005 by Thor Halvorssen Mendoza, a Venezuelan film producer and human rights advocate. The current chairman is Russian chess grandmaster Garry Kasparov, and Javier El-Hage is the current chief legal officer. The foundation's head office is in the Empire State Building in New York City.
The Development Assistance Database (DAD) is an Aid Information Management System (AIMS) developed by Synergy International Systems, for tracking development aid and managing official development assistance with transparency and accountability. DAD is widely adopted AIMS which has been established in more than 35 countries worldwide in close cooperation with UNDP and respective governments.
This article has been written in 2007, with partial updates in later years including most recently in May 2013. Please update it further. Please also see the French version of the article for further details.
Access to water supply and sanitation in Ethiopia is amongst the lowest in Sub-Saharan Africa and the entire world. While access has increased substantially with funding from foreign aid, much still remains to be done. Some factors inhibiting the achievement of these goals are the limited capacity of water bureaus in the country's nine regions, two city administrations and water desks in the 770 districts of Ethiopia (woredas); insufficient cost recovery for proper operation and maintenance; and different policies and procedures used by various donors, notwithstanding the Paris Declaration on Aid Effectiveness.
The Consultative Group on Indonesia (CGI) gathered Indonesia's international donors from 1992 to 2007 to coordinate the flow of foreign aid to Indonesia. It was set up by the Indonesian government and the World Bank.
The Multilateral Investment Fund (MIF) is an independent fund administered by the Inter-American Development Bank (IDB), created in 1993 to support private sector development in Latin America and the Caribbean. In partnership with business organizations, governments, and non-governmental organizations (NGOs), MIF's stated goal is to provide technical assistance and investments to support micro and small business growth, build worker skills, and to improve markets and access to finance.
The Republic of Kiribati's per capita Gross National Product of US$1,420 (2010) makes it the poorest country in Oceania. Phosphates had been profitably exported from Banaba Island since the turn of the 20th century, but the deposits were exhausted in 1979. The economy now depends on foreign assistance and revenue from fishing licenses to finance its imports and development budget.
Bernard Salomé is a Swiss economist.
A catastrophic magnitude 7.0 Mw earthquake struck Haiti at 16:53 local time on Tuesday, 12 January 2010. The epicenter was near the town of Léogâne, Ouest department, approximately 25 kilometres (16 mi) west of Port-au-Prince, Haiti's capital.
Digicel Haiti Earthquake Relief Fund was established by Digicel after the January 12 earthquake to raise funds for the recovery/relief efforts in Haiti.
Climate finance is "finance that aims at reducing emissions, and enhancing sinks of greenhouse gases and aims at reducing vulnerability of, and maintaining and increasing the resilience of, human and ecological systems to negative climate change impacts", as defined by the United Nations Framework Convention on Climate Change (UNFCCC) Standing Committee on Finance. The term has been used in a narrow sense to refer to transfers of public resources from developed to developing countries, in light of their UN Climate Convention obligations to provide "new and additional financial resources", and in a wider sense to refer to all financial flows relating to climate change mitigation and adaptation.
TECHO, also known as Un Techo para mi País (UTPMP), is a nonprofit organization that mobilizes youth volunteers to fight extreme poverty in Latin America, by constructing transitional housing and implementing social inclusion programs. It was founded by a Jesuit priest, and working with more than 720,000 volunteers, it has constructed houses for over 102,400 families in 19 countries in Latin American and the Caribbean and 2 offices located in Miami, Florida, US, and London, England, that work as funds hubs.
Synergy International Systems, Inc. ("Synergy") is an information technology and consulting company based in Washington, D.C. that provides web-based software to international development agencies, country governments, NGOs and private sector partners. The key products focused on monitoring and evaluation (M&E), national development effectiveness, and aid management, judicial system modernization, social protection, public financial management (PFM), disaster relief and reconstruction, environment, education, and public health. The company maintain a Global Learning Center in Yerevan, Armenia. Its services include software development and customization, IT strategy consulting, systems integration, capacity development and technical support. Synergy has developed management information systems for public and private sector clients in 65 countries.
The Global Financing Facility was launched at the Financing for Development Conference in Addis Ababa in July 2015 by the United Nations and the World Bank as part of an effort to achieve goal three of the Sustainable Development Goals, Good health and well-being for people, and in particular to help governments in low- and lower-middle income countries transform how they prioritize and finance the health and nutrition of their people.
