world bank
The World Bank Group (WBG) is a collective of international organizations headquartered in Washington, D.C., founded in 1944. It helps overcome poverty by providing low-interest, interest-free loans and donations to developing countries, aiming to establish a A world without poverty. World Bank member countries must be members of the International Monetary Fund. Generally speaking, there is a difference between the World Bank and the World Bank Group. The World Bank is usually the collective name of the International Bank for Reconstruction and Development and the International Development Association; the World Bank Group also includes the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Center for Settlement of Investment Disputes.