World Bank Group

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  • With 189 member countries, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
  • The Bank Group works with country governments, the private sector, civil society organizations, regional development banks, think tanks, and other International institutions on issues ranging from climate change, conflict, and food security to education, agriculture, finance, and trade.
A Group of Institutions
Together, the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries.
While the World Bank Group consists of five development institutions.
  1. International Bank for Reconstruction and Development (IBRD) provides loans, credits, and grants to Developing countries. (World Bank). (Developing Country)
  2. International Development Association (IDA) provides low- or no-interest loans to low-income countries. (Under Developing Country)
  3. The International Finance Corporation (IFC) provides investment, advice, and asset management to companies and governments. (For firms align with development, poverty alleviation) & Give financial assist to all
  4. The Multilateral Guarantee Agency (MIGA) insures lenders and investors against political risk such as war.
    • Like an insurance agency, Ex: India close sterlite company because of creating pollution, but the company invested more to start it. If India is member in MIGA, India pay premium for the FDI, if any problem like this. Sterlite claim Insurance from MIGA.
    • Like this other Natural disaster (Tsunami, Earth Quake), Terrorist attack.
    • To promote FDI. (By member of MIGA India ensure that your FDI is Insured)
  5. The International Centre for the Settlement of Investment Disputes (ICSID) settles investment-disputes between investors and countries.
(India Member in first 4 not Member in 5th Organisation)
All of these efforts support the Bank Group’s twin goal of ending extreme poverty by 2030 and boosting shared prosperity of the poorest 40% of the population in all country.

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