Canada serves as a global model for stability, sustainable prosperity, and economic inclusion, and advances these ideals through its strong and longstanding partnership with the World Bank Group. Since 1945, Canada and the World Bank Group have worked together, with other member governments, to finance projects, design policies, and deliver programs to end poverty and create 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 not only its funds, but also its 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, which today are aimed squarely at targeting poverty reduction in the developing world.
Canada is a founding member of the World Bank and plays an important role in influencing its development priorities. Over 60% of Canada's official development assistance to international financial institutions goes to the World Bank Group.