Iceland became a member of the five institutions that form the World Bank Group on Dec. 27, 1945. Today, Iceland is a member of the five institutions that form the World Bank Group. Iceland and the World Bank work with other member governments to finance projects, design policies, and deliver programs to end poverty in the developing world.
The World Bank’s World Development Report, published annually since 1978, is an invaluable guide to the economic, social, and environmental state of the world today. Each report provides in-depth analysis and policy recommendations on a specific and important aspect of development.
IDA18 presents a bold paradigm shift in how it mobilizes finance to support a significant policy package to help IDA clients achieve their development goals. The Eighteenth Replenishment of IDA (IDA18) is the largest replenishment in IDA’s 56-year history and heralds a significant step change in its policy and financing framework.