All about World Bank

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 World Bank
It is the associate Institution of International Bank for Reconstruction and Development (IBRD) .
Its headquarter is in Washington, DC.
Total number of member countries in world bank : 189.
It is an financial institution that provides  loan to developing countries for capital programs.
It is established in Dec,1945 on the recommendation of the Bretton Wood Conference.
In this conference IMF also geneses by recommendation of group.
So thats why, World bank and IMF also called "Bretton Wood Twins".
World bank has 30 founder members countries  , In which india is also one of them.
World Bank provided long term loans for the economic development . But IMF provided short term loans for the member countries for eliminating Balance Of Payments.
The World Bank mainly five constituents Groups which also work along with world bank.
1) IBRD (International Bank for Reconstruction and Development).
2) IDA (International Development Association)
3) IFC ( International financial Corporation)
4) MIGA (Multilateral Investment Guarantee Agency)
5) ICSID ( International Centre for the Settlement of Investment Disputes).
Except ICSID , India is the member of all other groups.
India mainly borrow money from world Bank through IBRD and IDA.

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