Editing World Bank Group (section)

===World Bank Group agencies===
The World Bank Group consists of
* the [[International Bank for Reconstruction and Development]] (IBRD), established in 1944, which provides debt financing based on sovereign guarantees;
* the [[International Finance Corporation]] (IFC), established in 1956, which provides various forms of financing without sovereign guarantees, primarily to the private sector;
* the [[International Development Association]] (IDA), established in 1960, which provides concessional financing (interest-free loans or grants), usually with sovereign guarantees;
* the [[International Centre for Settlement of Investment Disputes]] (ICSID), established in 1965, which works with governments to reduce investment risk;
* the [[Multilateral Investment Guarantee Agency]] (MIGA), established in 1988, which provides insurance against certain types of risk, including political risk, primarily to the private sector.

The term "[[World Bank]]" generally refers to just the IBRD and IDA, whereas the term "World Bank Group" or "WBG" is used to refer to all five institutions collectively.<ref name="WBA">[http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:20040580~menuPK:1696997~pagePK:51123644~piPK:329829~theSitePK:29708,00.html "About Us"] {{Webarchive|url=https://web.archive.org/web/20120611073612/http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:20040580~menuPK:1696997~pagePK:51123644~piPK:329829~theSitePK:29708,00.html |date=11 June 2012 }}, ''wordbank.org'', accessed 30 May 2007.</ref>

The [[World Bank Institute]] is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries.

The IBRD has 189 member governments, and the other institutions have between 153 and 184.<ref name="WBG Member Countries" /> The institutions of the World Bank Group are all run by a board of governors meeting once a year.<ref name=WBA/> Each member country appoints a governor, generally its minister of finance. Daily, the World Bank Group is run by a board of 25 executive directors to whom the governors have delegated certain powers. Each director represents either one country (for the largest countries), or a group of countries. Executive directors are appointed by their respective governments or the constituencies.<ref name=WBA/>

The agencies of the World Bank are each governed by their Articles of Agreement that serves as the legal and institutional foundation for all their work.<ref name=WBA/>

The activities of the [[International Finance Corporation|IFC]] and [[Multilateral Investment Guarantee Agency|MIGA]] include investment in the private sector and providing insurance, respectively.