Founded in 1944 to support reconstruction after the Second World War and headquartered in Washington (United States), the World Bank is a UN agency that groups five separate institutions, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), whose role is to advise and financially assist States in the fight against poverty. Two other World Bank entities aim to facilitate economic activity in developing countries: the International Finance Corporation (IFC) provides funding to stimulate private investment, while the Multilateral Investment Guarantee Agency (MIGA) allows investors to protect themselves against non-commercial risks, its efforts being focused mainly on infrastructure projects. Finally, the International Center for Settlement of Investment Disputes (ICSID) is an arbitration body for investment disputes between a State and a national from a third-party country.
In the Republic of Congo, which has been a member since, on July 10, 1963, the World Bank supports key development sectors, such as infrastructure, education, social protection, health, agriculture, as well as governance and private sector development.
In terms of infrastructure, the two parties are involved in the development of the following projects:
Urban development and restructuring of precarious neighborhoods
Improving access to basic infrastructure and services for the populations living in the precarious neighborhoods targeted in Brazzaville and Pointe Noire is the objective of this project. It also seeks the capacity building of government and municipalities in terms of urban restructuring.
Sounda hydroelectric dam
The project is in the first phase of the feasibility studies. Carried out by the international financial company, SFI in acronym, a subsidiary of the World Bank, these studies take into account all the physical and environmental aspects of the project and its socio-economic impact, including the exponential needs of future beneficiaries.