The World Bank | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-05-15

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/World_Bank_Group


00:03:04 1 History
00:03:13 1.1 Founding
00:04:18 2 Membership
00:06:28 3 Organizational structure
00:08:22 3.1 World Bank Group agencies
00:11:34 3.2 Presidency
00:12:05 3.2.1 Current President
00:12:36 3.3 Managing Director
00:13:21 3.4 Independent Evaluation group
00:14:24 3.5 Extractive Industries Review
00:16:51 3.6 Impact evaluations
00:18:19 3.7 Access to Information
00:19:48 3.8 AIDS funding
00:21:01 4 Criticism
00:24:49 4.1 Allegations of corruption
00:25:15 4.2 Investments
00:26:08 5 List of presidents
00:28:28 6 List of chief economists
00:30:04 7 List of World Bank Directors-General of Evaluation
00:31:25 8 List of World Bank Board of Directors
00:31:51 9 See also



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SUMMARY
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The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most well-known development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 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 World Bank's (the IBRD and IDA's) activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation and rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, and electricity), large industrial construction projects, and governance (e.g. anti-corruption, legal institutions development). The IBRD and IDA provide loans at preferential rates to member countries, as well as grants to the poorest countries. Loans or grants for specific projects are often linked to wider policy changes in the sector or the country's economy as a whole. For example, a loan to improve coastal environmental management may be linked to development of new environmental institutions at national and local levels and the implementation of new regulations to limit pollution.The World Bank has received various criticisms over the years and was tarnished by a scandal with the bank's then President Paul Wolfowitz and his aide, Shaha Riza, in 2007.