The International Bank for Reconstruction and Development (IBRD), a vital part of the World Bank Group, provides loans and financial services to middle-income and creditworthy low-income countries.
The International Development Association (IDA) is a part of the World Bank Group that provides low-interest loans and grants to the world's poorest countries, aiming to reduce inequalities and support sustainable development.
The World Bank, consisting of the International Bank for Reconstruction and Development, International Development Association, and International Finance Corporation, aims to reduce poverty and support economic development globally.
An in-depth look at the World Bank Group, its institutions, historical context, key functions, and importance in global development.
