WBG
Organizations & Companies abbreviation · International Organization
| Stands for | World Bank Group |
|---|---|
| Categories | Organizations & Companies |
WBG stands for World Bank Group, an international organization abbreviation.
Family of five development institutions headquartered in Washington, D.C., that finance projects and policy reforms in developing countries: IBRD, IDA, IFC, the Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes.
Example: The WBG pledged financing for renewable energy across sub-Saharan Africa.
Usage notes
"World Bank" usually refers only to the IBRD and IDA, which lend to governments, while the IFC invests in private companies. By tradition the group's President is an American nominee. Its stated mission is to end extreme poverty and boost shared prosperity on a livable planet.
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