A Partner to Middle-Income Countries
The World Bank Group engages with middle-income countries (MICs) both as clients and shareholders. These countries are major drivers of global growth, home to major infrastructure investments, and recipients of a large share of exports from advanced economies and poorer countries. Many are making rapid economic and social progress, and they play an ever larger role in finding solutions to global challenges.
But MICs also have more than 70% of the world’s poor people, often in remote areas. And limited access to private finance makes these countries vulnerable to economic shocks and the crises that cross borders, including climate change, forced migration, and pandemics. The World Bank is an essential partner to MICs, which represent more than 60% of IBRD’s portfolio.
- We provide a combination of financial resources, knowledge, and technical services.
- Our strategic advice helps governments reform to improve services, encourage more private investment, and innovate and share solutions.
- We partner with countries as challenges emerge and evolve, through innovative financial products and a wide range of global forums.
Above all, we help ensure that progress in reducing poverty and broadening prosperity can be sustained. We place special emphasis on supporting lower-middle-income countries as they move up the economic chain, graduating from IDA to become clients of IBRD. We are also expanding capacity to help countries dealing with fragility and conflict situations. And as a long-term partner, we step up our support to all MICs in times of crisis.
Through our partnership with MICs and creditworthy poorer countries, IBRD offers innovative financial solutions, including financial products (loans, guarantees, and risk management products) and knowledge and advisory services (including on a reimbursable basis) to governments at the national and subnational levels.
IBRD finances investments across all sectors and provides technical support and expertise at each stage of a project. IBRD’s resources not only supply borrowing countries with needed financing, but also serve as a vehicle for global knowledge transfer and technical assistance.
Advisory services in public debt and asset management help governments, official sector institutions, and development organizations build institutional capacity to protect and expand financial resources.
IBRD supports government efforts to strengthen public financial management as well as improve the investment climate, address service delivery bottlenecks, and strengthen policies and institutions.