World Bank Group

Type IGO
Wikipedia Wikipedia
Year founded 1944
Location Washington D.C., DC United States of America United States of America
See also Development Research Group, IEG, IFC
Summary The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most well-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.

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