What is the difference between the World Bank and the World Bank Group?
• The term “World Bank” refers only to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The term “World Bank Group” incorporates five closely associated entities that work collaboratively toward poverty reduction: the World Bank (IBRD and IDA), and three other agencies, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). To learn more about each institutions’ role, visit the World Bank Group.
