EMPEA Competitors

The World Bank is a vital source of financial and technical assistance to developing countries around the world. Our vision is to create a world free of poverty on a livable planet. We are not a bank in the common sense; we are made up of two unique development institutions owned by 189 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but collaborative role in advancing the vision of inclusive and sustainable globalization. The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world's poorest countries. Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID). Together, we provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges. Clients view IFC as a provider and mobilizer of scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment. IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources. For more information, visit www.ifc.org. https://youtube.com/shorts/UWDx7dWuPgg?feature=share

The Department of Foreign Affairs and Trade (DFAT) works with international partners and other countries to tackle global challenges, increase trade and investment opportunities, protect international rules, keep our region stable and help Australians overseas. DFAT manages Australia’s international presence—a network of over 120 embassies, high commissions, consulates-general and representative offices across five continents —and we have over 6,000 staff located in Australia and overseas. These staff are the diplomats, negotiators, consular officers and advisers developing and delivering Australia’s foreign, trade and development policy on behalf of Australia and Australians. For 24/7 consular assistance, phone +61 2 6261 3305. DFAT acknowledges the Traditional Custodians of Country throughout Australia, and their continuing connection to land, waters and community. We pay our respect to all First Nations peoples, their cultures and to their Elders, past, present and emerging.