The Development Economics Vice Presidency (DEC) seeks to increase understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community.
Select another World Bank department to learn more about its work.
Five Institutions, One Group
The World Bank Group consists of five organizations:
The International Development Association (IDA) provides interest-free loans — called credits — and grants to governments of the poorest countries.
Together, IBRD and IDA make up the World Bank.
The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.
The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders.
The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.
World Bank Group President
David Malpass assumed the role of World Bank Group President on April 9, 2019.
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy
Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and
The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk
The World Bank Annual Report chronicles the Bank's work in supporting its partner countries around the world and includes comprehensive lending data and full financial statements.
"The World Bank Group A to Z" provides the most concise and essential information about the mission, policies, procedures, products, and services of the World Bank Group.
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