International Bank for Reconstruction and Development (World Bank)

The International Bank for Reconstruction and Development (World Bank) continued during 1989 to assist developing countries to progress economically and socially by providing loans and other assistance. Lending commitments by the Bank totalled $16.4 billion for the fiscal year ending 30 June 1989, an 11 per cent increase over fiscal 1988. During the year, the Bank sought to strengthen its efforts in several key policy areas, including reducing poverty in the developing world; increasing assistance to highly indebted middle-income countries undertaking adjustment measures; integrating environmental considerations into its policy and operational work; and launching an action programme to provide an increased role for the private sector in the Bank’s developing member countries.

Related Subject(s): United Nations
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