The unique partnership between the World Bank and the borrowing countries' governments and its role in helping the borrowing countries' governments to make plans and determine their priorities enable it to play a strong coordinating role in mobilizing the funds needed for development.

The loans of IBRD and IDA usually only pay less than half of total investment of the project, and the rest is raised by the borrowing governments themselves or provided by the parties involved in joint financing. In this way, the funds raised by the World Bank through the sale of bonds and the subscription of shares by member States have expanded several times in terms of influence and effectiveness.

co-financing with other aid agencies or donor countries is an extremely effective way, which can not only mobilize more funds, but also promote cooperation among development agencies. Co-financing parties include other development banks, the European Union, national aid programs and export credit agencies. The World Bank has hosted consultative group meetings for many borrowing countries, enabling officials of donor countries to contact and discuss the key points and strategies of overall economic development and make aid commitments with the main decision makers of borrowing countries.

The business focus of the World Bank has changed significantly. In 198, the investment in the power sector accounted for 21% of the total loans of the World Bank. Today, this proportion has dropped to 5%. On the contrary, the proportion of health, nutrition, education and social security projects in the World Bank loans has increased from 5% in 198 to 25% today. Moreover, the World Bank, which is owned by 184 countries, is promoting development in different ways, focusing on other issues such as gender, community development and ethnic minorities.

according to the purpose of the world bank, its main business activities are to provide long-term loans to developing member countries, provide loans and technical assistance to the governments of member countries or private enterprises guaranteed by the governments, and fund them to build some construction projects with long construction period and low profit rate, which are necessary for the country's economic and social development. The World Bank cooperates with the International Development Association (IDA), the International Finance Corporation (Interational Finane Corporation, IFC), Multilateral Investment Guarantee Agency (MIGA) and Interational Centre for Settlement of Investment Disputes (ICSID) together form the World bannk Group.

One of the largest development aid agencies in the world

The World Bank is one of the largest development aid agencies in the world. The World Bank uses its capital, high-quality talents and extensive knowledge base to help developing countries take a stable, sustainable and balanced development path.

Mainly focus on

The World Bank mainly focuses on helping the poorest people and the poorest countries. For all World Bank borrowing countries, the World Bank emphasizes the following needs:

1. Investing in people, especially by providing basic health and education services;

2. Protect the environment;

3. Support and encourage the development of private enterprises;

4. Strengthen the government's ability, improve efficiency and transparency, and provide high-quality services;

5. Promote reform and create a stable macroeconomic environment conducive to investment and long-term planning;

6. Pay attention to social development, participation, good governance and institution building as the key elements to achieve poverty reduction.

The World Bank also helps countries around the world to consolidate and strengthen the basic conditions needed to attract and maintain private investment. With the help of the World Bank's funds and consulting services, governments carry out comprehensive economic reforms, strengthen the banking system, and invest in human resources, infrastructure and environmental protection, thus enhancing the attractiveness and efficiency of private investment. Through the financing guarantee of the World Bank and the political risk guarantee of multilateral investment guarantee institutions, combined with the equity investment of the International Finance Corporation, investors can minimize the risk of investing in developing countries and countries with economies in transition and feel more at ease. In the future, focus on several main aspects of effective development. When the world enters the new century, neither depression nor complacency is allowed. The success of developing countries depends partly on the economic development of the United States, Europe and Japan, and also on whether developing countries can implement policy and system reforms themselves to lay the foundation for strong growth. Throughout the world, only those countries that are most able to seize the opportunities brought by globalization and effectively avoid its risks can prosper and prosper, while those countries that cannot adapt to globalization will become increasingly backward, making the gap between rich and poor countries in the world widening.

Noting the future challenges, the World Bank is working with developing countries to try a more inclusive and comprehensive model to realize its development mission, namely the Comprehensive Development Framework (CDF). The need for such a more comprehensive framework has become increasingly prominent as the World Bank has shifted from merely funding development projects to addressing broader issues such as human and social development, governance and institutions. According to the requirements of the comprehensive development framework model, the development plan must be formulated by each country itself, which is a long-term vision of the results to be achieved and is supported by the government, aid agencies, civil society, the private sector and other development participants. When launching the comprehensive development framework, the World Bank focused its attention on several main aspects that it considered to achieve effective development:

structurally, good political governance and clean government, effective legal and judicial systems, well-ordered and supervised financial system, social security system and social plan;

materially: water supply and sewage, energy, roads, traffic and communication, environment and cultural issues;

specific strategies: targeting rural, urban and private sectors.

each country has its own key areas, and the degree of attention paid to macroeconomic and financial issues, labor market and employment conditions, and the role of the private sector depends on the characteristics of each country and the discussion opinions of citizens on the priority areas and plans needed to solve these problems.

In order to apply the principles of the comprehensive development framework, the World Bank and the International Monetary Fund jointly issued the Poverty Reduction Strategy Paper (PRSP), which was formulated by each country and became the basis for debt reduction and preferential loans. The purpose of formulating the poverty reduction strategy paper is to expand the representation of civil society, especially the poor themselves, in designing the poverty reduction strategy, strengthen the coordination among development partners, and pool the analysis, research, policy consultation and financial resources of the international community to achieve the effectiveness of poverty alleviation.