ABSTRACT
The World Bank Group comprises the World Bank, the Interna-
tional Finance Corporation (IFC), Multilateral Investment Guarantee
Agency (MIGA) and the International Centre for the Settlement
of Investment Disputes (ICSID). The World Bank comprises 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.
