About The World Bank
The World Bank provides loans and grants the governments of low and middle-income countries around the world. It is made up of the International Bank for Reconstruction and Development <http://www.worldbank.org/ibrd> (IBRD) and the International Development Association <http://www.worldbank.org/ida> (IDA).
In the Pacific region the World Bank works with 13 countries, including Fiji, Kiribati, Marshall Islands (Republic of), Micronesia (Fed. States of), Nauru, Palau, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu and Timor-Leste.
The World Bank sees technological progress is a driving force behind economic growth, citizen engagement and job creation. Information and communication technologies (ICTs), in particular, are reshaping many aspects of the world’s economies, governments and societies.
In the Pacific region, where countries are some of the most remote in the world, better communications channels, such as mobile and internet, represent a unique opportunity to reduce this tyranny of distance.
The World Bank is working with client country governments in areas of telecommunications sector reform to boost competition and reduce prices; and infrastructure development, including undersea fiber-optic cables, to increase access and speed.
A world free of poverty
The World Bank Group has two ambitious goals:
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