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ABOUT US




BUILDING A TWENTY-FIRST CENTURY DEVELOPMENT BANK

Global Bank is a full-fledged private sector global development bank in
formation – the world’s second global development bank – positioned next to the
World Bank and the preeminent regional development banks (MDBs).

Global Bank’s strategic priorities are aligned to advance those of the G-7/G-8
and G-20. The Bank Group’s strategic priorities are aligned to advance the
G-7/G-8 and G-20 priorities. Unlike the multilateral development banks, the
Global Bank Group is not restricted to operating only in developing countries.

 * The Bank for International Development and Reconstruction combines the
   characteristics of a multilateral development bank with those of a private
   financial institution.
 * The Bank’s main goals are to end poverty and hunger, and to achieve
   sustainable development in its three dimensions through promoting inclusive
   economic growth, protecting the environment, and promoting social inclusion.
 * The Bank for International Development and Reconstruction finances primarily
   public sector infrastructure projects and sustainable development through the
   provision of sovereign loans to developing countries secured by government
   guarantees.
 * The Bank’s financial objective is not to maximize profit but to earn adequate
   income to ensure its financial strength and to sustain its development
   activities.



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OUR MISSION



Global Bank’s mission is to support the economic and social development efforts
of the less developed countries as they seek achievement of internationally
agreed upon development goals, including those contained in the Millennium
Declaration, and to implement the recommendations of major United Nations
conferences and summits. The goals lay out a blueprint for Global Bank, setting
its priorities and measuring its results. Global Bank’s strategic priorities are
aligned to advance the United Nations’ global priorities.

The Bank’s purpose is to work with its borrowing developing countries so that
they can achieve equitable and sustainable economic growth in their national
economies and find effective solutions to pressing regional and global problems
in economic development and environmental sustainability, all with a view to
overcoming poverty and improving standards of living. It pursues this goal
primarily by providing financing, risk management products, and other financial
services, access to experts and a pool of knowledge in development-related
disciplines, so that borrowing developing countries can pool, administer and
prioritize resources they dedicate to development-related objectives.


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