World Bank About: ◦ The Bretton Woods Conference held in 1 | UPSC PRO
World Bank About: ◦ The Bretton Woods Conference held in 1944, created the International Bank for Reconstruction and Development (IBRD) along with the International Monetary Fund (IMF).
• The IBRD later became the World Bank.
◦ The World Bank Group is a unique global partnership of five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
Major Reports: ◦ Ease of Doing Business. ◦ Human Capital Index. ◦ World Development Report. ◦ Migration and Development Brief. ◦ Global Economic Prospects.
Its Five Development Institutions: 1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC)
4. Multilateral Guarantee Agency (MIGA)
5. International Centre for the Settlement of Investment Disputes (ICSID)
