World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank Group has set two goals for the world to achieve by 2030: end extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3%; promote shared prosperity by fostering the income growth of the bottom 40% for every country. According to its Articles of Agreement all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.

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    • Worldwide Governance Indicators
      February 2024
      Source: World Bank
      Uploaded by: Knoema
      Accessed On: 09 February, 2024
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      The Worldwide Governance Indicators (WGI) project reports aggregate and individual governance indicators for over 200 countries and territories over the period 1996–2020, for six dimensions of governance:Voice and AccountabilityPolitical Stability and Absence of ViolenceGovernment EffectivenessRegulatory QualityRule of LawControl of Corruption The Worldwide Governance Indicators (WGI) are a research dataset summarizing the views on the quality of governance provided by a large number of enterprise, citizen and expert survey respondents in industrial and developing countries. These data are gathered from a number of survey institutes, think tanks, non-governmental organizations, international organizations, and private sector firms. The WGI do not reflect the official views of the World Bank, its Executive Directors, or the countries they represent. The WGI are not used by the World Bank Group to allocate resources. Measure description: Estimate:-Estimate of governance (ranges from approximately -2.5 (weak) to 2.5 (strong) governance performance) Standard error (StdErr):-Standard error reflects variability around the point estimate of governance. Number of sources (NumSrc):-Number of data sources on which estimate is based Rank:-Percentile rank among all countries (ranges from 0 (lowest) to 100 (highest) rank) Lower:-Lower bound of 90% confidence interval for governance, in percentile rank terms Upper:-Upper bound of 90% confidence interval for governance, in percentile rank terms