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World Bank

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uuid00q5qrq

Namestring
World Bank
Legal namestring
International Bank for Reconstruction and Development (World Bank Group)
Websiteurl
worldbank.org
Company typeenum
Private
Founded yearint
1944
Descriptiontext

The World Bank is a multilateral development institution founded in 1944 at the Bretton Woods Conference and headquartered in Washington, D.C., owned by 189 member country governments. Its formal mandate is to end extreme poverty and promote shared prosperity on a livable planet, operationalized through two twin goals adopted in 2012. The institution is structured as a "platform-plus-entities" architecture comprising five core entities: the International Bank for Reconstruction and Development (IBRD, market-rate lending to middle-income countries), the International Development Association (IDA, concessional credits and grants to the poorest countries), the International Finance Corporation (IFC, private sector investment), the Multilateral Investment Guarantee Agency (MIGA, political risk insurance), and the International Centre for Settlement of Investment Disputes (ICSID, investment arbitration).

The World Bank's operating surface spans financial products (sovereign loans, concessional credits, grants, political risk insurance, private equity), knowledge products (World Development Report, Global Economic Prospects, Data360 platform, publicly accessible APIs), and thematic programmatic initiatives including Mission 300 (energy access in Africa with the African Development Bank), Health Works (healthcare for 1.5B people by 2030), AgriConnect (300M smallholder farmers), and Water Forward (water security for 1B+ people). Its technology stack centers on a country-level development data backbone accumulated over 80 years, supplemented by data analytics capabilities that inform project design, policy advice, and research outputs.

The revenue model is non-commercial: IBRD earns interest income on loans priced at market-based variable rates plus a spread; IDA earns negligible interest on concessional credits and is funded by member replenishments; fees for services cover advisory and program management; and investment returns accrue on the asset portfolio. The institution borrows on international capital markets at near-sovereign rates, leveraging each $1 of shareholder capital into roughly $10 of development finance over a 10-year horizon. Distribution is direct — sovereign lending through formal board-approved processes with government counterparties and multilateral partners — rather than through commercial sales channels. Since 1946, the World Bank has invested more than $1.2 trillion in developing countries across 100+ member states and 1,600+ active projects.

Short descriptiontext

The World Bank is a multilateral development institution owned by 189 member countries that provides loans, concessional credits, grants, political risk insurance, and policy advice to developing economies to reduce poverty and promote shared prosperity, headquartered in Washington, D.C.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersWashington, United States
HQ citystring
Washington
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
development finance, sovereign lending, concessional financing, policy advisory, multilateral development
Industry1 code
1National Development Banks & State Development Finance Institutions (DFIs)
CodeBPADACACPrimaryYes
NAICS code2 codes
  • Monetary Authorities-Central Bank52111
  • Monetary Authorities-Central Bank521110
SIC code2 codes
  • Federal & Federally-Sponsored Credit Agencies6111
  • International Affairs9721
Product category
Multilateral Development Finance
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Interest Income on Loans
TypeTransaction Fee
Description

The World Bank earns interest income on its loans to member countries. IBRD loans are priced at market rates, while IDA loans are offered at concessional rates (grants and low-interest loans) to the poorest countries.

2Fees for Services
TypeProfessional Services
Description

The World Bank generates revenue through various fees for services including technical assistance, advisory services, and program management fees.

3Investment Returns
TypeData Monetisation
Description

As a multilateral development bank with callable capital from member countries, the World Bank generates investment returns on its asset portfolio.

Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details2 tiers
1IBRD Loans - Market-rate financing for middle-income countries
ModelTransaction based/ take rateBilling cadenceMulti-year contract
Notes

IBRD loans are priced at market rates with variable interest rates based on the cost of capital plus a spread. Terms include a commitment charge, service charge, and interest rate spread.

2IDA Credits and Grants - Concessional financing for the poorest countries
ModelOtherBilling cadenceMulti-year contract
Notes

IDA provides grants and highly concessional credits with zero or very low interest rates, long maturity periods (30-40 years), and grace periods of 5-10 years.

GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 6 records shown
1Mission 300
Description

Joint initiative with African Development Bank to connect 300 million people in Africa to electricity by 2030

worldbank.org
+5 more records
Core offering1 text field

The World Bank is a multilateral development institution providing financial products (loans, credits, grants, political risk insurance) and policy/technical advisory services to developing member countries. It operates through five core entities — IBRD, IDA, IFC, MIGA, and ICSID — collectively channeling development finance, private-sector investment, and knowledge products to reduce poverty and promote shared prosperity.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

The World Bank is a financial institution organized as a platform-plus-entities architecture consisting of five core entities: IBRD, IDA, IFC, MIGA, and ICSID. These entities collectively provide loans, credits, grants, political risk insurance, and dispute resolution services to developing countries. In addition to core financial products, the institution operates programmatic initiatives including Mission 300 for energy access, Health Works for healthcare systems, AgriConnect for agricultural development, and Water Forward for water resource management. Supporting services include the World Bank Group Academy for capacity development and the World Bank Group Scorecard for impact measurement.

Product and service4 records
1International Bank for Reconstruction and Development (IBRD)
CategoryDevelopment Lending
2International Development Association (IDA)
CategoryConcessional Financing
3International Finance Corporation (IFC)
CategoryPrivate Sector Investment
4Multilateral Investment Guarantee Agency (MIGA)
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-01-01
Description

The World Bank and African Development Bank collaborate on the joint Mission 300 initiative aimed at accelerating energy access across Africa. This partnership represents a flagship effort to mobilize resources and expertise for sustainable energy infrastructure in the region.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

The World Bank works with various UN agencies including UNDP, UNICEF, WHO, and UNFCCC on shared development objectives including the Sustainable Development Goals, climate action, health, and poverty reduction.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

EU's multilateral lending institution and one of the world's largest borrowers/ lenders. Comparable as a supranational AAA-rated credit institution providing long-term financing for development objectives across member-state and partner-country geographies.

TypeDirect peer
Description

Africa-focused multilateral development bank and current World Bank co-partner on Mission 300. Directly comparable in sovereign lending, concessional windows (ADF), and country-level development operations across overlapping African client countries.

TypeDirect peer
Description

BRICS-led multilateral development bank headquartered in Shanghai. Directly comparable as a sovereign-funded MDB with bond-issuance funding model and infrastructure/infrastructure lending focus in emerging markets.

TypeBroad incumbent
Description

German bilateral development bank administering federal development finance on behalf of BMZ. Comparable in concessional lending, climate finance, and advisory services but narrower geographic mandate as a national rather than multilateral institution.

TypeDirect peer
Description

Sister Bretton Woods institution providing balance-of-payments support, surveillance, and capacity development to member countries. Closest peer to World Bank given shared multilateral mandate, sovereign lending focus, and global membership structure.

TypeDirect peer
Description

Multilateral development bank serving 57 member Islamic countries across multiple regions. Comparable in concessional and ordinary capital windows, project financing for member countries, and combined sovereign/private-sector operations.

TypeDirect peer
Description

China-led MDB established in 2016 to finance infrastructure in Asia and beyond. Directly comparable as a multilateral development bank with bond-funded lending model, AAA rating, and overlapping client base with World Bank.

TypeDirect peer
Description

Regional multilateral development bank serving Asia-Pacific with ordinary capital resources (OCR) and concessional Asian Development Fund. Directly comparable in mandate, lending instruments, and sovereign client base to IBRD/IDA.

TypeDirect peer
Description

Multilateral development bank focused on transition economies in Eastern Europe, Central Asia, and the Southern/Eastern Mediterranean. Comparable mandate combining sovereign lending, private-sector investment (like IFC), and policy reform conditionality.

TypeDirect peer
Description

Regional MDB serving Latin America and the Caribbean with sovereign and non-sovereign lending windows. Comparable to World Bank Group as a multi-window institution with IBRD-equivalent ordinary capital and concessional Fund for Special Operations.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
Yes

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

World Bank

Multilateral Development Financeworldbank.org

The World Bank is a multilateral development institution owned by 189 member countries that provides loans, concessional credits, grants, political risk insurance, and policy advice to developing economies to reduce poverty and promote shared prosperity, headquartered in Washington, D.C.

What World Bank does

The World Bank is a multilateral development institution founded in 1944 at the Bretton Woods Conference and headquartered in Washington, D.C., owned by 189 member country governments. Its formal mandate is to end extreme poverty and promote shared prosperity on a livable planet, operationalized through two twin goals adopted in 2012. The institution is structured as a "platform-plus-entities" architecture comprising five core entities: the International Bank for Reconstruction and Development (IBRD, market-rate lending to middle-income countries), the International Development Association (IDA, concessional credits and grants to the poorest countries), the International Finance Corporation (IFC, private sector investment), the Multilateral Investment Guarantee Agency (MIGA, political risk insurance), and the International Centre for Settlement of Investment Disputes (ICSID, investment arbitration).

The World Bank's operating surface spans financial products (sovereign loans, concessional credits, grants, political risk insurance, private equity), knowledge products (World Development Report, Global Economic Prospects, Data360 platform, publicly accessible APIs), and thematic programmatic initiatives including Mission 300 (energy access in Africa with the African Development Bank), Health Works (healthcare for 1.5B people by 2030), AgriConnect (300M smallholder farmers), and Water Forward (water security for 1B+ people). Its technology stack centers on a country-level development data backbone accumulated over 80 years, supplemented by data analytics capabilities that inform project design, policy advice, and research outputs.

The revenue model is non-commercial: IBRD earns interest income on loans priced at market-based variable rates plus a spread; IDA earns negligible interest on concessional credits and is funded by member replenishments; fees for services cover advisory and program management; and investment returns accrue on the asset portfolio. The institution borrows on international capital markets at near-sovereign rates, leveraging each $1 of shareholder capital into roughly $10 of development finance over a 10-year horizon. Distribution is direct — sovereign lending through formal board-approved processes with government counterparties and multilateral partners — rather than through commercial sales channels. Since 1946, the World Bank has invested more than $1.2 trillion in developing countries across 100+ member states and 1,600+ active projects.

World Bank firmographics

Firmographics
Name
World Bank
Legal name
International Bank for Reconstruction and Development (World Bank Group)
Website
https://worldbank.org
Company type
Private
Founded year
1944
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
The World Bank is a multilateral development institution owned by 189 member countries that provides loans, concessional credits, grants, political risk insurance, and policy advice to developing economies to reduce poverty and promote shared prosperity, headquartered in Washington, D.C.
Ownership category
akta.pro rank

World Bank industry classification

Industry
Product category
Multilateral Development Finance
NAICS
Monetary Authorities-Central Bank (52111), Monetary Authorities-Central Bank (521110)
SIC
Federal & Federally-Sponsored Credit Agencies (6111), International Affairs (9721)
akta.pro primary industry
National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

Keywords

  • Development finance
  • Sovereign lending
  • Concessional financing
  • Policy advisory
  • Multilateral development

Where World Bank is headquartered

Location

Headquarters

HQ city
Washington
HQ country
United States
HQ region
North America

Offices1 record

Markets served

World Bank business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Interest Income on Loans: The World Bank earns interest income on its loans to member countries. IBRD loans are priced at market rates, while IDA loans are offered at concessional rates (grants and low-interest loans) to the poorest countries.
  2. Fees for Services: The World Bank generates revenue through various fees for services including technical assistance, advisory services, and program management fees.
  3. Investment Returns: As a multilateral development bank with callable capital from member countries, the World Bank generates investment returns on its asset portfolio.

Pricing tiers

ModelBillingPrice
Transaction based/ take rateMulti-year contractIBRD Loans - Market-rate financing for middle-income countries
OtherMulti-year contractIDA Credits and Grants - Concessional financing for the poorest countries

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

World Bank product offering

Product offering

Core offering

The World Bank is a multilateral development institution providing financial products (loans, credits, grants, political risk insurance) and policy/technical advisory services to developing member countries. It operates through five core entities — IBRD, IDA, IFC, MIGA, and ICSID — collectively channeling development finance, private-sector investment, and knowledge products to reduce poverty and promote shared prosperity.

Product overview

The World Bank is a financial institution organized as a platform-plus-entities architecture consisting of five core entities: IBRD, IDA, IFC, MIGA, and ICSID. These entities collectively provide loans, credits, grants, political risk insurance, and dispute resolution services to developing countries. In addition to core financial products, the institution operates programmatic initiatives including Mission 300 for energy access, Health Works for healthcare systems, AgriConnect for agricultural development, and Water Forward for water resource management. Supporting services include the World Bank Group Academy for capacity development and the World Bank Group Scorecard for impact measurement.

Differentiator

Problem solved

Functional benefit

Brands

  • Mission 300: Joint initiative with African Development Bank to connect 300 million people in Africa to electricity by 2030
  • Health Works
  • AgriConnect
  • Water Forward
  • World Bank Group Academy
  • World Bank Group Scorecard

Products and services

  • International Bank for Reconstruction and Development (IBRD)
  • International Development Association (IDA)
  • International Finance Corporation (IFC)
  • Multilateral Investment Guarantee Agency (MIGA)

Companies that use World Bank

Customer profile

Named customers2 records

Segments2 records

Ideal customer profiles2 records

World Bank technology and API

Technology

Technology focussed No

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

World Bank partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • African Development BankcoreStrategic or Co-development Partner · 1 January 2024The World Bank and African Development Bank collaborate on the joint Mission 300 initiative aimed at accelerating energy access across Africa. This partnership represents a flagship effort to mobilize resources and expertise for sustainable energy infrastructure in the region.
  • United Nations AgenciescoreStrategic or Co-development PartnerThe World Bank works with various UN agencies including UNDP, UNICEF, WHO, and UNFCCC on shared development objectives including the Sustainable Development Goals, climate action, health, and poverty reduction.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

World Bank competitors and assessment

Company assessment

Direct peers

  • European Investment Bank (EIB): EU's multilateral lending institution and one of the world's largest borrowers/ lenders. Comparable as a supranational AAA-rated credit institution providing long-term financing for development objectives across member-state and partner-country geographies.
  • African Development Bank (AfDB): Africa-focused multilateral development bank and current World Bank co-partner on Mission 300. Directly comparable in sovereign lending, concessional windows (ADF), and country-level development operations across overlapping African client countries.
  • New Development Bank (NDB / BRICS Bank): BRICS-led multilateral development bank headquartered in Shanghai. Directly comparable as a sovereign-funded MDB with bond-issuance funding model and infrastructure/infrastructure lending focus in emerging markets.
  • International Monetary Fund (IMF): Sister Bretton Woods institution providing balance-of-payments support, surveillance, and capacity development to member countries. Closest peer to World Bank given shared multilateral mandate, sovereign lending focus, and global membership structure.
  • Islamic Development Bank (IsDB): Multilateral development bank serving 57 member Islamic countries across multiple regions. Comparable in concessional and ordinary capital windows, project financing for member countries, and combined sovereign/private-sector operations.
  • Asian Infrastructure Investment Bank (AIIB): China-led MDB established in 2016 to finance infrastructure in Asia and beyond. Directly comparable as a multilateral development bank with bond-funded lending model, AAA rating, and overlapping client base with World Bank.
  • Asian Development Bank (ADB): Regional multilateral development bank serving Asia-Pacific with ordinary capital resources (OCR) and concessional Asian Development Fund. Directly comparable in mandate, lending instruments, and sovereign client base to IBRD/IDA.
  • European Bank for Reconstruction and Development (EBRD): Multilateral development bank focused on transition economies in Eastern Europe, Central Asia, and the Southern/Eastern Mediterranean. Comparable mandate combining sovereign lending, private-sector investment (like IFC), and policy reform conditionality.
  • Inter-American Development Bank (IDB): Regional MDB serving Latin America and the Caribbean with sovereign and non-sovereign lending windows. Comparable to World Bank Group as a multi-window institution with IBRD-equivalent ordinary capital and concessional Fund for Special Operations.

Broad incumbents

  • KfW Development Bank: German bilateral development bank administering federal development finance on behalf of BMZ. Comparable in concessional lending, climate finance, and advisory services but narrower geographic mandate as a national rather than multilateral institution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

World Bank social profiles

Digital presence

World Bank financial estimates

Financial estimate

Revenue estimate

Valuation estimate

World Bank leadership team

Management profile

Number of profiles

Profiles6 records

World Bank subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

World Bank funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

World Bank M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about World Bank

What does World Bank do?

The World Bank is a multilateral development institution providing financial products (loans, credits, grants, political risk insurance) and policy/technical advisory services to developing member countries. It operates through five core entities — IBRD, IDA, IFC, MIGA, and ICSID — collectively channeling development finance, private-sector investment, and knowledge products to reduce poverty and promote shared prosperity.

Is World Bank a public or private company?

World Bank is a private company. It is classified as state government owned and is currently operating.

When was World Bank founded?

World Bank was founded in 1944. It employs 5,001 to 10,000 people.

Where is World Bank based?

World Bank is headquartered in Washington, United States, in the North America region.

How does World Bank make money?

Three revenue lines are on record. Interest Income on Loans are the primary driver. The others are fees for Services and investment Returns.

Who are World Bank's main competitors?

Direct peers on record are European Investment Bank (EIB), African Development Bank (AfDB), New Development Bank (NDB / BRICS Bank), International Monetary Fund (IMF), Islamic Development Bank (IsDB), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD) and Inter-American Development Bank (IDB). KfW Development Bank is listed as a broad incumbent.

Does World Bank have an API?

Yes. World Bank provides public APIs for accessing development data including the World Bank Data API and World Bank API. The APIs provide access to development indicators, financial data, and other institutional data in JSON and other formats. Developer documentation is at api.worldbank.org.

What industry is World Bank in?

World Bank's product category is Multilateral Development Finance. Its primary akta.pro industry code is BPADACAC, National Development Banks & State Development Finance Institutions (DFIs). Its NAICS code is 52111 and its SIC code is 6111.

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Live signals
CNBCTV18India among top 10 emerging markets in AI readiness; private AI investment triples: World Bank - CNBC TV18The World Bank said India is among the top 10 emerging markets in AI readiness, with private AI investment tripling to $4.1 billion in 2025 from $1.2 billion in 2024. The report also noted GCC employment rose to 2.36 million, but warned long-term impacts remain uncertain and called for policy measures to broaden access.The Edge MalaysiaWorld Bank lifts India GDP view, says Asia’s buffers too thinThe World Bank raised its India GDP forecast to 7.1% for the fiscal year ending March 2027, citing resilient domestic demand. It also warned that East Asia and Pacific economies' buffers are too thin to withstand a persistent energy shock, with oil exports not returning to pre-conflict levels until mid-2027.Business StandardIndia among top 10 emerging markets in AI readiness: World BankThe World Bank said India is among the top 10 emerging markets in AI readiness, with private AI investment tripling to $4.1 billion in 2025 from $1.2 billion in 2024. The report notes the long-term economic and labor market impact remains uncertain and calls for policy measures to deepen AI-enabling infrastructure and improve access.DevdiscourseWorld Bank Mobilizes Record $112 Billion: Who Benefits From the Capital Boom?The World Bank Group mobilized a record $112 billion in private capital in fiscal year 2026, up from $35 billion four years earlier. Issuance of guarantees exceeded its 2030 target four years ahead of schedule, while mobilization in low-income countries remained flat at about $3 billion. The group plans to expand participation through an originate-to-distribute approach.DevdiscourseWorld Bank Group Mobilizes Record $112 Billion as Developing Economies Need JobsThe World Bank Group mobilized a record $112 billion in private capital in fiscal year 2026, more than three times the $35 billion in FY22. It issued over $25 billion in guarantees, exceeding its 2030 target four years early. The financing targets 1.2 billion young people entering the workforce, with the private sector creating nine of ten jobs.DevdiscourseThailand’s Next Growth Push Puts Better Jobs, Stronger Firms and Resilience FirstThe World Bank Group's Board approved a new partnership framework for Thailand covering FY2027–2032, aiming to boost competitiveness and resilience. It targets reforms and investment in advanced manufacturing, sustainable tourism, and digital value chains, plus infrastructure and disaster preparedness. The framework aligns with Thailand's 14th National Economic and Social Development Plan.THISDAYLIVEWorld Bank Mobilises Record $112bn Private Capital, Funding for Developing Nations Hits $200 Billion – THISDAYLIVEThe World Bank Group mobilized a record $112 billion in private capital for developing economies in 2026, more than tripling the $35 billion recorded in 2022. Total financing and capital mobilization exceeded $200 billion, with Africa attracting $22 billion, up nearly 150% in four years. The bank issued over $25 billion in guarantees, exceeding its 2030 target four years early.Punch NewspapersNigeria, others secure $22bn private capital from World BankThe World Bank Group mobilized $22bn in private capital for African economies in its 2026 fiscal year, up from about $9bn four years earlier. Across developing economies, private capital mobilization more than tripled to $112bn, with lower-middle-income countries seeing the largest gains. The group issued over $25bn in guarantees, exceeding its target four years ahead of schedule.BignewsnetworkWorld Bank Group mobilises record private capital of $112 billion for developing countries, driving job creationThe World Bank Group mobilized a record $112 billion in private capital in fiscal year 2026, more than tripling from $35 billion in FY22. Combined with its own financing, total financing in developing economies exceeded $200 billion. The group highlights a job creation gap, with 1.2 billion young people reaching working age but only 420 million jobs projected.KuwaittimesWorld Bank mobilizes $112 billion in private capital for developing worldThe World Bank announced it mobilized a record $112 billion in private capital for developing countries last year, up over 60% from the previous year. Group President Ajay Banga said private capital augments public lending, as donors lack funds to meet development needs. He noted the strategy is not indiscriminate, with funds targeting job-creating sectors.