Assessment by international organisations

The performances of Belgium in science, technology, innovation and competitiveness are regularly assessed in reports by international organisations. The relative strengths and weaknesses of the Belgian innovation system identified in international reports are hereafter summarised.

World Bank International Finance Corporation (IFC)

The World Bank consists of two organizations:

  • The International Bank for Reconstruction and Development: The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries
  • The International Development Association: The International Development Association (IDA) provides interest-free loans - called credits - and grants to governments of the poorest countries.

The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. They help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.