World Bank Group

The World BankWorld BankWorldbankThe World Bank Groupfive financial pillars that compose the World BankIBRDpresidentThe World Bank’sWBWBG
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.wikipedia
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International Development Association

IDAArticles of Agreement of the International Development AssociationInternational Development Association (IDA)
Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
The IDA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

International Finance Corporation

IFCArticles of Agreement of the International Finance CorporationExcellence in Design for Greater Efficiencies
Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

International Bank for Reconstruction and Development

IBRDInternational Bank of Reconstruction and DevelopmentWorld Bank
Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
The IBRD is the first of five member institutions that compose the World Bank Group, and is headquartered in Washington, D.C. in the United States.

World Bank

The World BankIBRDWorld Bank Group
The first two are sometimes collectively referred to as the World Bank.
The World Bank is a component of the World Bank Group.

International Centre for Settlement of Investment Disputes

ICSIDInternational Centre for the Settlement of Investment DisputesInternational Center for Settlement of Investment Disputes
Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
The ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States.

Multilateral Investment Guarantee Agency

MIGAConvention establishing the Multilateral Investment Guarantee AgencyMultilateral Investment Guarantee Agency (MIGA)
Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

Bretton Woods system

Bretton WoodsBretton Woods AgreementBretton Woods Institutions
The WBG came into formal existence on 27 December 1946 following international ratification of the Bretton Woods agreements, which emerged from the United Nations Monetary and Financial Conference (1–22 July 1944).
Setting up a system of rules, institutions, and procedures to regulate the international monetary system, these accords established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group.

Paul Wolfowitz

Paul D. WolfowitzWolfowitzMr. Wolfowitz
The World Bank has received various criticisms over the years and was tarnished by a scandal with the bank's then President Paul Wolfowitz and his aide, Shaha Riza, in 2007.
Their relationship led to controversy later, during his presidency of the World Bank Group.

Sri Mulyani

Sri Mulyani Indrawati
The present MD Shaolin Yang assumed the office after Sri Mulyani resigned from the post to take the charge as finance minister of Indonesia.
In June 2010 she was appointed as Managing Director of the World Bank Group and resigned as Minister of Finance.

Eugene Meyer (financier)

Eugene MeyerEugene Isaac MeyerEugene
He served as Chairman of the Federal Reserve from 1930 to 1933 and was the first President of the World Bank Group.

John J. McCloy

John McCloyJohn Jay McCloyMcCloy
After the war, he served as the president of the World Bank, U.S. High Commissioner for Germany, chairman of Chase Manhattan Bank, chairman of the Council on Foreign Relations, a member of the Warren Commission, and a prominent United States adviser to all presidents from Franklin D. Roosevelt to Ronald Reagan.

Robert Zoellick

Robert B. ZoellickZoellick
Robert Bruce Zoellick (born July 25, 1953) is an American public official and lawyer who was the eleventh president of the World Bank, a position he held from July 1, 2007 to June 30, 2012.

World Development Report

It also provided the foundation of the Osiander Committee in 1951, responsible for the preparation and evaluation of the World Development Report.
“A dynamic ‘agriculture for development’ agenda can benefit the estimated 900 million rural people in the Developing world who live on less than $1 a day, most of whom are engaged in agriculture,” said Robert B. Zoellick, World Bank Group President.

James Wolfensohn

James D. WolfensohnJames “Jim” WolfensohSir James D. Wolfensohn
James David Wolfensohn, KBE, AO (born 1 December 1933) is an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005).

Shanta Devarajan

Shanta Devarajan is Senior Director for Development Economics (DEC) and a former Acting Chief Economist of the World Bank Group.

Washington, D.C.

Washington, DCWashington D.C.District of Columbia
The bank is headquartered in Washington, D.C. in the United States.
The city hosts 177 foreign embassies as well as the headquarters of many international organizations, trade unions, non-profits, lobbying groups, and professional associations, including the World Bank Group, the International Monetary Fund (IMF), the Organization of American States, AARP, the National Geographic Society, the Human Rights Campaign, the International Finance Corporation, and the American Red Cross.

Anshula Kant

Anshula Kant (born 7 September 1960) is the chief financial officer and managing director of the World Bank Group, appointed on 12 July 2019.

Marlin Mine

Marlin mine (Guatemala)
Other controversial investments include loans for the Chixoy Hydroelectric Dam in Guatemala while it was under military dictatorship, and a loan to Goldcorp (then Glamis Gold) for the construction of the Marlin Mine.
A year prior to the Goldcorp takeover, residents of Sipacapa filed a complaint against Glamis with the Office of the Compliance Advisor/Ombudsman (CAO) of the World Bank Group, alleging that the Marlin mine was "developed without adequate consultation and in violation of the rights of indigenous people".

Compliance Advisor/Ombudsman

The Compliance Advisor/Ombudsman (CAO) criticized a loan given to the palm oil company Dinant by the World Bank after the 2009 Honduran coup d'état.
The Office of the Compliance Advisor/Ombudsman (CAO) is a recourse mechanism for projects supported by the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group.

China and the World Bank

China did not become involved with the World Bank group until 1980.

Economic development

developmenteconomicdevelop
Critics argue that the so-called free market reform policies – which the Bank advocates in many cases – in practice are often harmful to economic development if implemented badly, too quickly ("shock therapy"), in the wrong sequence, or in very weak, uncompetitive economies.

Extreme poverty

destituteabsolute povertypenury
In 2013, the Board of Governors of the World Bank Group (WBG) set two overriding goals for the WBG to commit itself to in the future.

Member states of the United Nations

UN member statesUnited Nations member statesmember states
All of the 193 UN members and Kosovo that are WBG members participate at a minimum in the IBRD.
The Republic of Kosovo is not a member of the UN, but is a member of the International Monetary Fund and the World Bank Group, both specialized agencies in the United Nations System.

International organization

international organizationsinternational organisationinternational organisations
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.