The World Bank Group. One is the International Bank for Reconstruction World Bank Purpose and Function. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries.
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The World Bank is very similar to the International Monetary Fund in how the organizations are structured, collect resources, and operate. It is the largest and most well-known development bank in the world and is. The World Bank Group comprises five organizations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre.
