One of the world’s largest sources of development assistance, the World Bank supports the efforts of developing country governments to build schools and health centers, provide water and electricity, fight disease, and protect the environment.
Paul Wolfowitz became the tenth president of the World Bank Group on June 1, 2005. The nomination of Mr. Wolfowitz was unanimously approved by the Bank's Board of Directors on March 31.
It is the world’s largest external source of funding for education and HIV/AIDS programs. It strongly supports debt relief, is a leader in the international anti-corruption effort, and helps bring water, electricity and transport to the poor.
The World Bank pursues its work through vice presidential units (VPUs) that focus on a particular region or sector to fight poverty and encourage economic development.
Bank-supported projects have helped increase education for poor children in India, reduce tuberculosis infections in China, fight AIDS in Brazil, and connect villages in Peru.
The World Bank Group consists of five closely associated institutions, all owned by member countries. Each institution plays a distinct role in the mission to fight poverty and improve living standards.
Thailand joined the World Bank on May 3, 1949, and its first Bank loan was approved in October 1950. In recent years, the relationship between Thailand and the World Bank Group has progressed from primarily a borrower-lender relationship toward a true development partnership.
Country Development Partnerships (CDP), launched in 2000, are agreements between the Government, the World Bank, and other partners to work together on specific challenges identified by the Government in its development agenda such as gaining a better understanding of the nature and causes of poverty, or supporting reforms in the financial sector.
