From IDA recipient to IDA donor. Over the past thirty years, Mongolia has significantly reduced poverty, tripled per-capita GDP, and reached upper-middle-income status in 2024. Now the country is giving back. By contributing to #IDA21, Mongolia is joining the IDA donor community and supporting countries that are confronting the world's most pressing development challenges. The International Development Association, or IDA, is The World Bank Group's fund for 78 low-income countries, providing grants and highly concessional financing to reduce poverty, strengthen resilience, and improve lives. Mongolia's rise shows what development progress can make possible, said Lisa Finneran, World Bank Vice President for Partnerships, Innovation and Mobilization. We are delighted to welcome Mongolia to the IDA donor community and grateful for its commitment to helping other countries build a more prosperous future. Learn more: https://lnkd.in/eUwJEUrN #IDAworks Ministry of Finance of Mongolia World Bank Group: Partnerships, Innovation, and IDA Mobilization
The World Bank Group
International Trade and Development
Washington, DC 2,857,992 followers
About us
The World Bank is a vital source of financial and technical assistance to developing countries around the world. Our vision is to create a world free of poverty on a livable planet. We are not a bank in the common sense; we are made up of two unique development institutions owned by 189 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but collaborative role in advancing the vision of inclusive and sustainable globalization. The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world's poorest countries. Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID). Together, we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.
- Website
-
http://www.worldbank.org
External link for The World Bank Group
- Industry
- International Trade and Development
- Company size
- 10,001+ employees
- Headquarters
- Washington, DC
- Type
- Nonprofit
- Specialties
- Global Development Finance/Lending, Development Knowledge, Advisory Services, and Capacity Building, Economic Research and Development Data, and Global Partnerships and Multilateral Engagement
Locations
-
Primary
Get directions
1818 H Street, NW
Washington, DC 20433, US
Employees at The World Bank Group
Updates
-
Are emerging markets too risky for private investment? #WBGMeetings, we asked attendees to debunk common myths about investing in emerging markets and explore the opportunities for investment and job creation. 🎥 Watch what they had to say!
-
Ajay on the twin challenges the World Bank Group is rising to meet—stretching scarce resources further while helping countries create opportunity at scale. https://lnkd.in/eHXYmitv #WBGMeetings
-
AI is reshaping labor markets everywhere. But for developing countries, the stakes are different: will AI expand opportunity or deepen inequality? At the Global AI & Digital Summit 2026, government leaders, economists, and entrepreneurs will explore how AI can strengthen development, create jobs, and help ensure more people benefit from technological change. Speakers: ➡️ Paschal Donohoe, Managing Director and Chief Knowledge Officer, The World Bank Group ➡️ Michael Kremer, Chief Economist and Senior Vice President, World Bank Group ➡️ Cina Lawson, Minister of Digital Economy and Transformation, Togo ➡️ Darlington Akogo, CEO, minoHealth AI Labs & Kara Agro AI ➡️ Gaurav Nayyar, Director, 2026 World Development Report, World Bank Group 📅 October 21 | 9:00-10:00 a.m. KST
Closing the Gap: The Promise of AI in Developing Economies
www.linkedin.com
-
Over the next 10–15 years, 1.2 billion young people will reach working age in developing countries, but only 400 million jobs are expected. At #WBGMeetings, Ajay outlined how The World Bank Group is mobilizing investment and scaling solutions to create more jobs and opportunity. Watch to learn more about our vision for the future of jobs. https://lnkd.in/eHXYmitv
-
Will there be enough jobs for young people in developing countries? At #WBGMeetings, participants shared their perspectives on what it will take to create more and better jobs, from investing in skills to supporting businesses and agriculture.
-
Development of the future needs to bring resources together to help countries create jobs and deliver development at scale. https://lnkd.in/gU98yxgk
-
Meet Heather E. Henderson, Program Manager at The World Bank Group, helping bring the #WBGMeetings to life in Bangkok. From leading a small, agile team to coordinating a global event three years in the making, Heather shares what it takes to organize one of the biggest gatherings in international development.
-
Emerging markets hold enormous potential for investment and job creation. At the #WBGMeetings, voices from around the world shared why mobilizing private capital is key to unlocking these opportunities. Watch their takeaways.
-
The world has capital. How can more of it reach developing economies? Banks and institutional investors manage $280 trillion, but only 5–8% reaches developing economies. Unlocking more private investment means addressing the barriers that keep capital from flowing where it is needed. Five ways to help close the gap: ➡️ Guarantees: The World Bank Group Guarantee Platform delivered $25 billion in FY26, reaching its 2030 target early. ➡️ Local currency financing: Now at 33%, with an aim of 40%.First-loss capital: The Frontier Opportunities Fund aims to mobilize 11 times its investment. ➡️ Securitization: More than $1.5 billion across three transactions to help build an emerging markets asset class. ➡️ Co-financing: A platform with $30 billion matched and more than $130 billion in live opportunities. Financial tools alone aren't enough. Policy reform, regulatory certainty, and investable opportunities are essential to mobilizing private capital at scale. Scroll to learn more. #WBGMeetings