World Bank Group
The World Bank Group comprises a group of five legally separate but affiliated institutions: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the International Development Association (IDA), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). It is a vital source of financial and technical assistance to developing countries around the world. It’s mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. Three of the five World Bank Group organizations, namely the IBRD, the IFC, and the IDA, are specialized agencies of the United Nations.
Read more about this topic: List Of Specialized Agencies Of The United Nations
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Which makes bank credit like a bark of vapour.”
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