The World Bank is an international financial institution that provides loans, grants, and expert advice to the governments of low- and middle-income countries for development projects and programs — such as building infrastructure, improving education, healthcare, agriculture, and governance systems — all aimed at reducing poverty and promoting sustainable economic growth.
Here’s a quick breakdown 👇
🌍 1. What It Is
The World Bank is part of the World Bank Group, headquartered in Washington, D.C.
It’s not a traditional bank — instead of serving individuals or businesses, it helps countries finance and implement development goals.
🏛️ 2. The World Bank Group (WBG) Includes Five Institutions
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IBRD – International Bank for Reconstruction and Development
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Lends to middle-income and creditworthy low-income countries.
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IDA – International Development Association
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Provides zero- or low-interest loans and grants to the poorest countries.
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IFC – International Finance Corporation
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Supports private sector investment in developing countries.
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MIGA – Multilateral Investment Guarantee Agency
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Provides insurance against political risks to investors and lenders.
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ICSID – International Centre for Settlement of Investment Disputes
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Handles arbitration of investment disputes between investors and states.
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