World Bank

During its existence, the World Bank has repeatedly changed its structure of the organization. Therefore, at different times, different organizations were meant by the World Bank. Today, the World Bank includes five institutions and one group:

• The International Bank for Reconstruction and Development (IBRD)
• The International Development Association (IDA)
• The International Finance Corporation (IFC)
• The Multilateral Investment Guarantee Agency (MIGA)
• The International Center for Settlement of Investment Disputes (ICSID)

• To end extreme poverty: By reducing the share of the global population that lives in extreme poverty to 3 percent.
• To promote shared prosperity: By increasing the incomes of the poorest 40 percent of people in every country.

In addition to providing direct financial assistance to development countries, the World Bank provides analytical and advisory services to developing countries. Most often, this is an analysis of the current policies of certain countries and the development of recommendations for improvement.

Also, the World Bank is engaged in research work on topics such as poverty, environment, trade, globalization, economic and industrial sectors.

Another area is education. The organization conducts many events to disseminate knowledge on solving the problems of the development of countries. Most often, educational courses are held for politicians, officials, company owners and technical specialists.

• World Bank loans and grants total $45 billion today.
• Over 12,000 development aid and development projects in operation.
• The members of the organization are 189 countries, and representative offices are open in 130 countries.
• The headquarters is located in Washington, DC, USA.
• World Bank Group President is David Malpass (since 2019).