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Who We Are

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Our work is challenging, but our mission is simple:

Help reduce poverty.


Select another World Bank department to learn more about its work.

Five Agencies, One Group

The World Bank Group consists of five organizations:

The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries.

The International Development Association (IDA) provides interest-free loans—called credits— and grants to governments of the poorest countries.

The International Finance Corporation (IFC) provides loans, equity and technical assistance to stimulate private sector investment in developing countries.

The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused by non-commercial risks to investors in developing countries.

The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.


Jim Yong Kim

President, World Bank Group

On July 1, 2012, Jim Yong Kim became the 12th president of the World Bank Group.

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Think EQUAL for Women
and Girls

Sept 15, 2011

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Sri Mulyani Indrawati

Managing Director,
World Bank

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Management »

In Depth
Member Countries

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 issues.

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 finance.

Boards of Directors

The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit. The President is the presiding officer, and ordinarily has no vote except a deciding vote in case of an equal division.

Last updated: 2012-04-02

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