ABSTRACT
The World Bank Group comprises of the World Bank, the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID). The World Bank comprises of two development institutions owned by 186 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world’s poorest countries. IBRD and IDA funds are lent to governments. The IFC, created in 1956 and owned by 182 member countries, fosters private sector investment in developing nations. The World Bank and the IFC have been the primary
supporter of photovoltaic investments in developing countries within the World Bank Group.
