Their Mission
"To fight poverty with passion and professionalism for lasting results. To help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors."
In Order to succeed Countries must...
1. Build Capacity
2. Create Infrastructure
3. Develop Financial Systems
4. Combat Corruption
The World Bank feels that if countries are able to follow these four steps that they will be on their way to living a better life with a growing economy.
2. Create Infrastructure
3. Develop Financial Systems
4. Combat Corruption
The World Bank feels that if countries are able to follow these four steps that they will be on their way to living a better life with a growing economy.
Who is Involved
The World Bank is made up of 186 member countries/shareholders who are represented by the Board of Governors, they are the policy makers at the world bank. The governors only meet up once a year so they have to delegate certain tasks to 24 Executive Directors who make up the Board of Directors. The directors work on location at the bank. The president of the World Bank, Robert Zoellick oversees the Board of Director meetings. He is responsible for the overall management of the bank. He was nominated by the United States, the top shareholder, and elected by the Board of Governors for a five year term that can be renewed. The top five member countries/shareholders are the United States, United Kingdom, Germany, France and Japan.
