Organization Overview
Five institutions together make up the World Bank Group: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Center for Settlement of Investment Disputes (ICSID). The overarching goal of the World Bank Group’s operations is to help reducing poverty in the world.
The IBRD and IDA provide loans to the member countries for projects and programs that promote economic and social progress by helping raise productivity so that people may live better lives. Along with these loans/credits, the World Bank provides policy advice, technical assistance and helps to mobilize the needed resources.
The IBRD was established in 1945 and is now owned by 188 member countries. The IDA was established in 1960 and is now owned by 172 members. IDA provides assistance to the poorest developing countries that cannot meet the IBRD terms. IDA provides grants and credits.
IDA countries have access to concessional credits: 40 years repayment period, 10 years grace period and interest rate zero (with service fee of 0.75%).
The Republic of Tajikistan became a member of the World Bank on June 4, 1993. A liaison office of the Bank was first established in October 1996 and then up-graded to a full-fledge Country Office in December 1998.
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Mr. Ozan Sevimli Country Manager Tel: (+992 48) 701 5810 Fax: (+992 48)701 5837 Website: www.worldbank.org/tj Address: 48, Ayni Street, Business Center “Sozidanie”, 3d floor, Dushanbe, Tajikistan |