The World Bank Group in Western Europe

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The World Bank in Western Europe

The World Bank Group (WBG) has established ambitious goals to galvanize international and national efforts to end extreme poverty within a generation and to promote shared prosperity. To achieve these goals and deepen public understanding, offices in Europe maintain dialogue in donor countries wi...

Western Europe
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Poverty and Shared Prosperity 2020

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Latest and most accurate estimates on trends in global poverty and shared prosperity.

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World Bank Group President David Malpass

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World Bank Group President David Malpass. Photo: © World Bank

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Western Europe At-A-Glance

Europe and the World Bank Conceived toward the end of World War II at the Bretton Woods conference, the World Bank played an important role in the reconstruction of war-torn Europe. Its first loan, of $250 million, was made to France in 1947. This was followed by other reconstruction loans to the Netherlands, Denmark, and Luxembourg the same year. Today, the World Bank Group has e...

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Global Economic Prospects

COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic will result in contractions across the vast majority of emerging market and developing economies. It will also do lasting damage to labor productivity and potential output.

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Economic Prospects

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World Bank Group in Action

The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions. Visit ida.worldbank.org

Pandemics, climate change, conflict. The world faces threats that can only be solved through cooperation and coordination across borders.

Since its founding, The World Bank Group has evolved to meet new challenges to ending extreme poverty and creating opportunity for all. Along with a vast network of worldwide partners, we continue to adapt with new innovative lending approaches, partnering with the private sector to expand funding for development, and responding to global threats that affect rich and poor alike.

“For we shall prosper individually, only as we prosper collectively” - Eugene Meyer. First World Bank President.