Yearbook of the United Nations, 2002. Part 6, Intergovernmental organizations related to the United Nations. Chapter 6, World Bank (IBRD and IDA)
The World Bank consisted of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) (see below). Collectively, the following five institutions were known as the World Bank Group: IBRD, IDA, the International Finance Corporation, the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). In fiscal 2002 (1 July 2001–30 June 2002), the World Bank continued to promote sustainable economic development by providing loans, guarantees and related technical assistance for projects and programmes in developing nations. It maintained its leading role in supporting the debt relief process under the Heavily Indebted Poor Countries Initiative in order to increase their resources for poverty reduction. The Bank's new commitments to HIV/AIDS projects amounted to $300 million. In 2002, the Bank approved a second phase of the multi-country HIV/AIDS programmes, established in 2001 [YUN 2001, p. 1412] to provide flexible and rapid funding, on IDA terms, to individual HIV/AIDS projects developed by countries. In April, the Bank approved its first operation in Afghanistan since 1979 and, in May, opened its Afghan office and launched the Afghanistan Reconstruction Trust Fund. The Bank studied development assistance over the past 50 years and recorded its findings in The Role and Effectiveness of Development Assistance: Lessons from World Bank Experience. At the end of fiscal 2002, IBRD membership remained at 183.
Yearbook of the United Nations, 2002. v. 56; Vol. 56
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