Q.Explain the composition of the World Bank Group.

The World Bank Group is made up of five closely linked institutions, each with a different specific role. The core two handle government lending; the other three extend the Group's reach to private investment, risk insurance, and dispute resolution. …

The World Bank Group is composed of five institutions working together on different aspects of development finance. The International Bank for Reconstruction and Development (IBRD) lends to middle-income and creditworthy lower-income country governments. The International Development Association (IDA) provides highly concessional loans and grants to the world's poorest countries. Together, the IBRD and IDA are commonly referred to simply as "the World Bank." Around this core, the wider World Bank Group also includes the International Finance Corporation (IFC), which finances and advises private-sector projects and businesses in developing countries; the Multilateral Investment Guarantee Agency (MIGA), which provides political-risk insurance and credit guarantees to encourage fo …

Students often name only the IBRD and IDA and forget that the wider "World Bank Group" also includes the IFC, MIGA, and ICSID. When a question specifically asks about the "World Bank Group" ra …