Who We Are This page in: English About the World Bank About Home What We Do Results Organization History Speakers Bureau Partners Jobs and Internships CONTACTS Headquarters 1818 H Street, NW Washington, DC 20433 USA (202) 473-1000 View All Contacts » STAY CONNECTED Facebook Twitter Blogs Flickr Youtube RSS Newsletter MISSION The World Bank Group has two ambitious goals: End extreme poverty within a generation and boost shared prosperity. READ MORE SPOTLIGHT: ORGANIZATIONAL UNITS Development Economics Vice Presidency The Development Economics Vice Presidency (DEC) seeks to increase understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community. SELECT ANOTHER WORLD BANK DEPARTMENT TO LEARN MORE ABOUT ITS WORK. Select a Department ORGANIZATION Five Institutions, One Group The World Bank Group consists of five organizations: The International Bank for Reconstruction and Development The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries. The International Development Association The International Development Association (IDA) provides interest-free loans — called credits — and grants to governments of the poorest countries. Together, IBRD and IDA make up the World Bank. The International Finance Corporation The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. The Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. The International Centre for Settlement of Investment Disputes The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes. LEADERSHIP David Malpass World Bank Group President David Malpass assumed the role of World Bank Group President on April 9, 2019. RESOURCES Articles of Agreement Access to Information Annual Reports Open Development World Bank Budget Corporate Responsibility Community Connections Show More + MULTIMEDIA Previous 1 / 5 Next VIDEO Video VIDEO One Generation, Two Goals, 60 Seconds PEOPLE Shaolin Yang Managing Director and World Bank Group Chief Administrative Officer (MDCAO) View All Senior Managers » IN DEPTH Previous Next Member Countries The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy Annual Meetings Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and Boards of Directors The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk Annual Report The World Bank Annual Report chronicles the Bank's work in supporting its partner countries around the world and includes comprehensive lending data and full financial statements. About Data Research and Publications Learning News Projects and Operations Countries Topics FOLLOW US NEWSLETTER SUBSCRIBE HERE This Site in: ENGLISH Legal Access to Information Jobs Contact REPORT FRAUD OR CORRUPTION IBRD IDA IFC MIGA ICSID © 2021 The World Bank Group, All Rights Reserved. Welcome