The World Bank Group

The World Bank Group is a banking institution based in Washington, District of Columbia. Established in 1944, the bank provides financial and technical assistance to developing countries through various programs and services. It comprises entities such as the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which focus on supporting economic development and reducing poverty through loans, grants, and advisory services. The assets are managed by the executive management team.