Five institutions together make up the World Bank Group:
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.
Collectively, the World Bank Group is*:
- The world’s largest funder of education
- The world’s largest external funder of the fight against HIV/AIDS
- A leader in the fight against corruption worldwide
- A strong supporter of debt relief
- The largest international financier of biodiversity projects
- The largest international financier of water supply and sanitation projects
*Source: A Guide to the World Bank, Second Edition