Yearbook of the United Nations, 2005. 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). Collectively, the following five institutions were known as the World Bank Group: IBRD, IDA, the International Finance Corporation (IFC) (see p. 1576), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). On 1 June, Paul Wolfowitz (United States) became the World Bank's tenth President. In fiscal 2005 (1 July 2004–30 June 2005), the World Bank continued to promote sustainable economic development by providing loans, guarantees and related technical assistance for projects and programmes in developing countries. It also maintained a leading role in the debt relief process under the Heavily Indebted Poor Countries Initiative, in order to increase resources for poverty reduction. The second Global Monitoring Report, published by the Bank and IMF in April, assessed progress towards achieving the Millennium Development Goals (MDGs) [YUN 2000, p. 51]. The Bank had committed more than $2.5 billion to fighting HIV/AIDS in 67 countries. It provided support for expanding prevention, care, treatment, and advisory services to countries and promoted leadership through its global partnerships, especially as a co-sponsor of the Joint United Nations Programme on HIV/AIDS. At the end of fiscal 2005, IBRD membership remained at 184.
Yearbook of the United Nations, 2005 v. 59; Vol. 59
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