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  1. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.

  2. en.wikipedia.org › wiki › World_BankWorld Bank - Wikipedia

    The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference.

  3. The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.

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    Name
    Term
    Nationality
    14
    June 2, 2023–present
    United States
    13
    April 9, 2019–June 1, 2023
    United States
    February 1, 2019 – April 8, 2019
    Bulgaria
    12
    July 1, 2012 – February 1, 2019
    United States
  4. en.wikipedia.org › wiki › Ajay_BangaAjay Banga - Wikipedia

    He is currently the president of the World Bank Group. [3] He was the executive chairman of Mastercard , after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.

  5. The World Bank Group — a United Nations specialized agency and multilateral development bank for international development. Also a member of the United Nations Development Group, and in the United Nations Economic and Social Council.

  6. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

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  8. The World Bank Group gives advice and finance to member countries for economic development and reducing poverty. It is a non-profit-making international organization owned by member governments. The Group has its headquarters in Washington, D.C.. It also has offices in 124 other member countries.

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