“The World Bank Group (WBG) is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense, but a unique partnership to reduce poverty and support development. The WBG comprises five institutions managed by their member countries. It has set two goals for the world to achieve by 2030: (i) end extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%; and (ii) promote shared prosperity by fostering the income growth of the bottom 40% for every country.
In the Middle East and North Africa (MENA) region, the new regional WBG strategy seeks to promote peace and social stability by responding to both the underlying causes of conflict and violence as well as the urgent consequences through development interventions that foster inclusion and shared prosperity. The MENA strategy has 4 pillars: (i) renewing the social contract – to generate a new development model that is built on greater citizen trust; more effective protection of the poor and vulnerable; inclusive and accountable service delivery; and a stronger private sector that can create jobs and opportunities for MENA’s youth; (ii) Regional cooperation – particularly around regional public goods and sectors such as education, water, and energy so as to foster greater trust and collaboration across MENA countries; (iii) Resilience - to refugee and migration shocks by promoting the welfare of refugees, internally displaced persons (IDPs), and host communities by focusing on building trust and building their assets; and (iv) Reconstruction and recovery – through a dynamic approach that brings in external partners, leverages large scale financing, and move beyond humanitarian response to longer-term development wherever and whenever conflict subsides.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.”