WikipediaExtracts:World Bank
Extracted from Wikipedia --
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Washington D.C., U.S.<ref>{{Cite web |title=About the World Bank |url=http://www.worldbank.org/en/about |website=World Bank}}</ref>"},"leader_title":{"wt":"President"},"leader_name":{"wt":"Ajay Banga<ref>{{Cite news |title=U.S. Businessman Ajay Banga Approved to Lead World Bank|work=scroll.in |url=https://www.wsj.com/articles/u-s-businessman-ajay-banga-approved-to-lead-world-bank-adb5f1ad |access-date=19 June 2023}}</ref>"},"leader_title2":{"wt":"MD & CFO"},"leader_name2":{"wt":"Anshula Kant<ref>{{Cite web |url=http://www.outlookindia.com/newsscroll/sbi-md-anshula-kant-appointed-as-md-cfo-of-world-bank-group/1599829964995 |access-date=13 July 2019 |website=antopedia.org|title=SBI MD Anshula Kant appointed as MD, CFO of World Bank Group }}{{dead link|date=August 2026|bot=medic}}{{cbignore|bot=medic}}</ref>"},"main_organ":{"wt":"Board of Directors<ref>{{Cite web |title=Board of Directors |url=http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/ORGANIZATION/BODEXT/0,,pagePK:1262504318911~theSitePK:281079,00.html |access-date=31 May 2010 |publisher=Web.worldbank.org }}{{Dead link|date=March 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>"},"parent_organization":{"wt":"United Nations<ref>{{Cite web |title=UN System | url=https://www.un.org/en/about-us/un-system |access-date=17 February 2024}}</ref>"},"num_members":{"wt":"189 states (188 UN countries and Kosovo)<ref name=\"WBG Member Countries\">{{Cite web |title=Member Countries |url=http://www.worldbank.org/en/about/leadership/members |access-date=3 June 2016 |publisher=World Bank Group}}</ref> - see List of World Bank members"},"website":{"wt":"{{URL|https://www.worldbank.org/ext/en/home%7Cworldbank.org}}"}},"i":0}}]}' id="mwCA"><link rel="mw:PageProp/Category" href="./Category:Pages_using_infobox_organization_with_deprecated_parameters#purpose"/>
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. The group is the largest development bank in the world. It is headquartered in Washington, D.C., United States. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Historically, within the group, the IBRD and IDA were collectively known as the World Bank due to their emphasis on global lending.
The World Bank was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. Initially, its loans helped rebuild countries devastated by World War II. Over time, it has shifted its focus to development, with a stated mission of eradicating extreme poverty and boosting shared prosperity. It has been criticized for its structural adjustment programs, governance, environmental record, and policies detrimental to social welfare.
The group comprises five organizations, as established over time:
- International Bank for Reconstruction and Development (IBRD), 1944
- International Development Association (IDA), 1960
- International Finance Corporation (IFC), 1956
- International Centre for Settlement of Investment Disputes (ICSID), 1965
- Multilateral Investment Guarantee Agency (MIGA), 1988
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