World Bank Group

The World Bank Group (WBG) is an independent organisation that acts within the framework of the Economic and Social Council. It provides loans, technical assistance and policy advice to countries for the purpose of reducing poverty, improving living standards, and safeguarding international investment. The headquarter is located in Washington, DC.

Organisation

The World Bank Group consists of five closely associated institutions, all of them focused on development and poverty alleviation:

1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC)
4. Multilateral Investment Guarantee Agency (MIGA)
5. International Centre for the Settlement of Investment Disputes (ICSID).

The term "World Bank" usually refers to the IBRD and IDA, whereas the World Bank group often refers to the entire group of institutions.

• The World Bank Group website serves as a web portal to the institutions associated with the Group. It provides background information, news and statistics, major topic areas, a survey of projects and operations, full text documents and reports as well as access to relevant databases.
• Find publications in the World Bank Open Knowledge Repository (OKR):
  • ​World Development Report, published every year, is a survey of the economic and social state of the world with statistical tables and in-depth analyses of specific aspects of development.
  • The World Bank Annual Report
  • Global Financial Development reviews recent trends in financial flows to developing countries.
  • The World Bank Research Observer (WBRO) seeks to inform nonspecialist readers about research being undertaken within the Bank and outside the Bank in areas of economics relevant for development policy.
  • World Bank Economic Review (WBER) is a scholarly economic journal, specializing in quantitative development policy analysis.
  • Global Economic Prospects (GEP) deals with issues that are central challenges facing developing countries.

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