11.5.7—World Bank

The World Bank Group provides finance, advice and knowledge for development projects such as infrastructure, health, education, social protection and institutional reform, often on different terms for different members.

Project success depends on local capacity, procurement, maintenance, governance and whether benefits reach intended groups. Loans create obligations; grants and concessional finance have different burdens.

A water project can improve health and productivity if communities can operate and maintain it; a technically impressive facility without recurrent funding may fail after construction.

The World Bank is not the same institution as the IMF, and financing a project does not prove that development outcomes occurred.