What is world bank | World bank group | part-1 IBRD | IDA | IFC | international finance | MCom |

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
Headquarters: Washington, D.C., United States
President: David Malpass
Founded: July 1944, Bretton Woods, New Hampshire, United States
Objective-Working for a World Free of Poverty

World bank group includes 5 institutions-
1. international bank for reconstruction and development (IBRD)
2. International development association (IDA)
3. International finance corporation (IFC)
4. Multilateral investment guarantee agency (MIGA)
5. International centre for settlement of investment disputes ( ICSID) .
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