World Bank Group

The World Bank was also established in 1944 at Bretton Woods and started functioning in 1946.

  • It is headquartered in Washington, D.C., USA.
  • It consists of five institutions, mainly:
    • IBRD (International Bank for Reconstruction and Development): Offers loans, guarantees, and advisory services to creditworthy low- and middle-income countries.
    • IDA (International Development Association): Provides interest-free loans ("credits") and grants to the world's poorest countries to boost economic growth and reduce poverty.
    • IFC (International Finance Corporation): Focuses on the private sector, investing in for-profit projects and providing advisory services to foster sustainable growth.
    • MIGA (Multilateral Investment Guarantee Agency): Promotes foreign direct investment in developing countries by offering ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Global Affairs