The World Bank
The World Bank is a vital source of financial and technical assistance to developing countries around the world. Established in 1944, the World Bank Group, with its five institutions, is a unique partnership to worldwide poverty reduction and enhanced prosperity.
With more than a hundred Country Offices worldwide, the Bank continues to support developing countries through providing resources, sharing knowledge, building capacities and forging partnerships in the public and private sectors.
The World Bank Group works towards achieving its overarching mission for a world free of poverty by working towards two key goals:
i. End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3 percent by 2030.
ii. Promote shared prosperity by fostering the income growth of the bottom 40 percent for every country.
World Bank Presence Sudan
Since its reengagement in Sudan in 2005, the World Bank managed various development activities through the Sudan Multi-Donor Trust Fund,comprising $240 million from 10 donors, including the World Bank Group, which was accompanied by $350 million in parallel financing from the Government of Sudan. The Fund closed in 2013, leaving behind a resonating legacy.
Today the World Bank administers a dynamic portfolio cutting across a range of key issues, including education, health, natural resources management, climate change, peacebuilding, social protection, and public financial management. In addition to investment projects, the Bank leverages several global funds to support an expansive range of initiatives, including technical assistance and analytical/diagnostic work.
The Sudan Multi-Partner Fund (SMPF), also administered by the Bank, enjoys financial support from UKAid and Norway, and is the only multi-donor trust fund in Sudan concerned with the national development agenda.
World Bank activities in Sudan are carried out in line with the Bank’s two principal objectives for Sudan:
i. Helping the Government manage Sudan’s economic transition.
ii. Addressing the socio-economic roots of conflict.
Gender and governance feature as key cross-cutting themes of the World Bank’s portfolio in Sudan.