World Bank eLibrary

The World Bank eLibrary is a subscription-based website for institutions that is designed to meet the unique needs of researchers and librarians. Launched in 2003, the eLibrary offers full-text access to the complete backlist of all books, working papers, and journal articles published by the World Bank since the 1990s. Users of eLibrary are assured full and immediate access to all academic research and scholarship published by the World Bank, the majority made available through Creative Commons Attribution (CC BY) license.

The eLibrary offers a variety of tools and added functionality, saving users valuable time. Special tools and conveniences include individual accounts for personalization, ePUB files and chapter-level access for the most recent titles, citation exporting, MARC records for libraries, and indexing with major library discovery services. The World Bank eLibrary is used by the world's top academic institutions, international and governmental agencies, think tanks, multinational corporations, and nongovernmental organizations.

World Bank Group

(See also IBRD; IDA; IFC; MIGA; ICSID; World Bank.) The World Bank Group consists of five institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the International Centre for Settlement of Investment Disputes (ICSID), and the Multilateral Investment Guarantee Agency (MIGA). IBRD and IDA together are known as the World Bank. The term World Bank Group refers collectively to all five of the institutions. Although each institution has a distinct purpose, history, and set of founding documents, they have a common commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

Jim Yong Kim is the 12th and current President of the World Bank Group. He is chairman of the Bank's

Board of Executive Directors and President of the five interrelated organizations:

• IBRD. The International Bank for Reconstruction and Development 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 offer clients good borrowing terms.

• ICSID. The International Centre for Settlement of Investment Disputes provides international facilities for conciliation and arbitration of investment disputes.

• IDA. The International Development Association is the part of the World Bank that helps the world's poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called "credits"), grants, and guarantees for programs that boost economic growth, reduce inequalities, and improve people's living conditions. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.

• IFC. The International Finance Corporation is the largest global development institution focused exclusively on the private sector. It helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

• MIGA. The Multilateral Investment Guarantee Agency was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders.

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