The World Bank Group and Iceland

Iceland supports international efforts to promote human and economic development, end extreme poverty, and boost shared prosperity on a livable planet.

IDA is a game changer

Why is IDA the most effective and flexible fund for people in the poorest countries?
The Road to IDA21

An ambitious IDA21 will serve as a lifeline for a world in crisis.
A Better Bank

We want to become a better partner to governments, the private sector, and the people we serve.

Iceland At-A-Glance

Iceland became a member of the International Bank for Reconstruction and Development—the World Bank—on Dec. 27, 1945. Today, Iceland is a member of the five institutions that form the World Bank Group.

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Global Economic Prospects

The end of 2024 will mark the halfway point of what was expected to be a transformative decade for development—when extreme poverty was to be extinguished, when major communicable diseases were to be eradicated, and when greenhouse-gas emissions were to be cut nearly in half. What looms instead is a wretched milestone.

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Research

World Bank Group in Action

IDA: The World Bank's Fund for the Poorest

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

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