World Bank Group institutions and governance
- The World Bank comprises IBRD and IDA within the five-institution Group
- IBRD lends and provides guarantees to middle-income and creditworthy low-income countries
- IBRD originated in financing post-war European reconstruction
- IBRD pursues development through World Bank Group and other partnerships
- IBRD raises most of its funds in financial markets
- IDA provides grants and concessional loans to low-income countries
- IFC finances private-sector development in emerging markets
- MIGA guarantees help reduce non-commercial investment risks
- ICSID administers international investment-dispute settlement
- Member governors hold ultimate World Bank policymaking authority
- IBRD, IDA, IFC and MIGA have separate boards responsible for operations
- World Bank Group institutions use different voting formulas