Since 1945, Canada and the World Bank Group have worked together with other member governments to finance projects, design policies, and deliver programs with the goal of ending poverty and creating a world based on the principles of sustainable development.
The World Bank Group benefits from having among its leading members a country that has long been a strong proponent of multilateralism. Enshrining that concept as the foundation of the international order has been a hallmark of Canada’s foreign policy since the end of World War II.
For Canada, membership in the world’s premier multilateral development financing institution enables it to leverage its funds as well as the Bank’s knowledge and capabilities for greater impact on poverty reduction and sustainable development worldwide. For its part, the World Bank Group recognizes Canada not only as a significant financial contributor but also as a steadfast partner in the effort to achieve its goals of ending extreme poverty and boosting shared prosperity on a livable planet.
Canada is a founding member of the World Bank Group and has played an important role in influencing its development priorities since the International Bank for Reconstruction and Development (IBRD) was established. Canada has a long history of substantially supporting the World Bank Group’s mission and has been a generous supporter of the International Development Association (IDA), which provides concessional financing, knowledge, and advice catalyzing national development and transforming the lives of hundreds of millions of people across the world.
