World Bank Group

  • The World Bank Group (WB) is one of the twins of Bretton Woods Conference held in 1944 (the other being IMF).
  • It is one of the world’s largest sources of funding and knowledge for developing countries with a membership of 189 countries.
  • Its mission includes:
    • Ending extreme poverty by reducing the share of the global population that lives in extreme poverty to 3 percent by 2030.
    • To promote shared prosperity by increasing the incomes of the poorest 40 percent of people in every country.
  • WB releases the World Development Report which includes Human Capital Index (HCI). HCI quantifies the contribution of health and education ....
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