About the World Bank
Portrait of mother and child. Mali. Photo: ? Curt Carnemark / World Bank

  • Development Economics Vice Presidency

    The Development Economics Vice Presidency (DEC) seeks to increase understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community.
Select another World Bank department to learn more about its work.


Five Institutions, One Group


The World Bank Group consists of five organizations:

  • The International Bank for Reconstruction and Development

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

    The International Development Association (IDA) provides interest-free loans — called credits — and grants to governments of the poorest countries.
  • Together, IBRD and IDA make up the World Bank.
  • The International Finance Corporation

    The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.
  • The Multilateral Investment Guarantee Agency

    The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders.
  • The International Centre for Settlement of Investment Disputes

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

Kristalina Georgieva

Interim World Bank Group President and World Bank CEO

Kristalina Georgieva, World Bank CEO, has assumed the role of interim President effective February 1.


Kristalina Georgieva

Interim President of the World Bank Group and Chief Executive Officer of the World Bank

Shaolin Yang

Managing Director and World Bank Group Chief Administrative Officer
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