World Bank Group Clause Samples
The 'World Bank Group' clause defines the term as it is used within the agreement, specifying that references to the World Bank Group pertain to the collective institutions that make up the organization, such as the International Bank for Reconstruction and Development (IBRD) and the International Finance Corporation (IFC). This clause clarifies which entities are included under the term, ensuring that obligations, rights, or references in the contract are properly attributed to the correct part of the World Bank Group. Its core function is to prevent ambiguity regarding which institutions are covered by the agreement, thereby ensuring clarity and reducing the risk of misinterpretation.
World Bank Group. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (▇▇▇), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world.
World Bank Group. 2020. “Health Nutrition and Population Statistics - Pacific Island Small States [PSS].” DataBank. Washington, D.C.: WB/IBRD/▇▇▇. ▇▇▇▇▇://▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/source/health-nutrition-and-population- statistics#advancedDownloadOptions 21 ▇▇▇▇▇▇▇, ▇. ▇., et al. 2019. “Primary care doctor and nurse utilisation rates for billed consultations across the Comprehensive Care Primary Health Organisation.” New Zealand Medical Journal 132(1498): 79-89. 22 Organization for Economic Cooperation and Development. 2021. Health at a Glance 2021: OECD Indicators. Paris: OECD.
World Bank Group. Where possible, other non-European multilateral finance institutions may participate in the Facility through joint operations with European financial institutions. The implementation of blending operations under the Facility shall be complemented by additional forms of financial support from Member States or third parties.
World Bank Group. 2022. “Age Dependency Ratio (% of Working-Age Population) [SP.POP.DPND].” DataBank. Washington, D.C.: WB/IBRD/▇▇▇. which means that the Cook Islands population structure will require attention and planning by TMO and the broader Cook Islands government. Population projections for 2022 were for more 70+ year-old women than any working age tranche, and nearly the same situation for men. The continually growing older population will require additional and special planning processes to address their welfare needs - particularly those having to do with health. 12.0 10.0 8.0 6.0 4.0 2.0 0.0 2.0 4.0 6.0 8.0
World Bank Group. Main Types of PPP. 2009;1(March):12–21.
World Bank Group. Disability and Poverty