Established in 1944, the World Bank Group is headquartered in Washington, D.C.
The World Bank is a United Nations international financial institution that provides loans to developing countries for capital programs. The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group.
Details of World Bank can be found at http://www.worldbank.org.
In FSM The World Bank is working with the National Department of Resources and Development to support the Energy Sector in delivering National and State Energy Policy and Action Plans.
Currently an IDA Funded Energy Sector Development Project (ESDP) grant to teh FSM National Government is under implementation – click http://www.cpuc.fm/development-partners/world-bank/energy-sector-development-project/ for further details.
Sustainable Energy Industry Development Project
This World Bank funded project will be implemented by the Pacific Power Association. The objective of the project is to enhance the ability of Pacific Island Utilities to manage renewable energy technologies and implement long term disaster risk planning.
The environmental and social development framework for the project is included at the link below: