Internal Justice System

(See also Enabling Services.) The Council for Internal Justice comprises Bank Group staff members involved in matters relating to internal workplace governance, including employment disputes, ethical queries, and cases of alleged misconduct. The council's principal responsibilities are as follows:

• Identifying trends, current issues, and potential gaps in services relating to internal workplace governance

• Preparing training, communication, and events to expand awareness of the Internal Justice System

• Administering surveys on internal governance issues

• Ensuring consistency in the monitoring and evaluation of Internal Justice System offices

• Reviewing and discussing annual reports of the Internal Justice System offices

International Bank for Reconstruction and Development

(See also World Bank; World Bank Group.) One of the five World Bank Group agencies, the International Bank for Reconstruction and Development (IBRD) is also one of two agencies that make up the World Bank (the other is IDA). IBRD aims to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Established in 1944 as the original institution of the World Bank Group, IBRD is structured like a cooperative that is owned and operated for the benefit of its 188 member countries.

IBRD raises most of its funds on the world's financial markets and has become one of the most established borrowers since issuing its first bond in 1947. The income that IBRD has generated over the years has allowed it to fund development activities and to ensure its financial strength, which enables it to borrow at low cost and offers clients good borrowing terms.

worldbank.org/ibrd

 
< Prev   CONTENTS   Next >