The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries.

• Its commitment is to reducing poverty, increasing shared prosperity, and promoting sustainable development.
• It has 189 member countries.
• India is also a member country.
• Key Focus of the Group
  • By reducing the share of the global population that lives in extreme poverty to 3 percent by 2030.
  • By increasing the incomes of the poorest 40 percent of people in every country.

It has Five institutions

1. The International Bank for Reconstruction and Development
2. The International Development Association
3. The International Finance Corporation
4. The Multilateral Investment Guarantee Agency
5. The International Centre for Settlement of Investment Disputes

• • IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries.
  • IFC, MIGA, and ICSID focus on strengthening the private sector in developing countries.

Major Reports:

• World Development Report.
• Ease of Doing Business.
• Global Economic Prospects.
• Human Capital Index.
• Migration and Development Brief.