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World Bank

Headquarters: 1818 H St. NW
Washington, DC 20433
Phone: 202-473-1000
Employees: 10,000+
President: Robert Zoellick

Career Page

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense but made up of two unique development institutions owned by 186 member countries -- the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Each institution plays a different but supportive role in the World Bank's mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together the World Bank provides low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.

The term "World Bank Group" incorporates five closely associated entities that work collaboratively toward poverty reduction: the World Bank (IBRD and IDA), and three other agencies, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).

The five largest shareholders in the World Bank are France, Germany, Japan, the United Kingdom and the United States.

Headquarters of the World Bank are in Washington DC with offices in more than 100 countries. The World Bank employs economists, educators, environmental scientists, financial analysts, anthropologists, engineers and many others.


Established July 1, 1944 during a conference of 44 countries in Bretton Woods, New Hampshire.

Since its inception, the World Bank expanded from a single institution to an associated group of coordinated development institutions. The Bank's mission evolved from a facilitator of post-war reconstruction and development to its present day mandate of worldwide poverty alleviation.


Health, Life, Accident, and Other Insurance Programs:
Headquarters-recruited staff and their eligible family members (including domestic partners) may choose from three comprehensive medical/dental benefit plans available, with no preexisting condition exclusions if enrollment is made within 31 days of entry-on-duty.  Staff members recruited to a Country Office are also eligible for a comprehensive medical/dental benefits plan for themselves and eligible family members including domestic partners.

The World Bank also provides basic life and accident insurance to all staff at no cost, and Headquarters-recruited staff can also elect additional life and accident insurance coverage at their own expense. Disability and Worker's Compensation coverage is also provided to all staff at no cost.

Pension Plan:
The World Bank sponsors a comprehensive pension plan for all staff. Both staff and the World Bank make a contribution towards a pension which is utilized upon retirement.

Relocation, Resettlement and Expatriate Benefits:
For staff appointed to positions subject to international recruitment, the World Bank pays relocation benefits upon appointment and resettlement benefits upon end of employment. The World Bank also pays a mobility premium to eligible expatriate staff appointed to positions at Headquarters subject to international recruitment, with eligibility based on nationality and visa/residency status in the appointment duty station.  (Staff members appointed to non-Headquarters positions subject to international recruitment may be eligible for other expatriate benefits.)

Paid Leave:
New staff receive 26 days of annual leave and 15 days of sick leave per year, accrued daily.