The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C., in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations arethe International Bank for Reconstruction and Development (IBRD),
the International Development Association (IDA),
the International Finance Corporation (IFC),
the Multilateral Investment Guarantee Agency (MIGA) and
the International Centre for Settlement of Investment Disputes (ICSID).
The World Bank Group Building in Washington, D.C.
The World Bank Sign on the building
A young World Bank protester in Jakarta, Indonesia
The member states of the United Nations comprise 193 sovereign states. The United Nations (UN) is the world's largest intergovernmental organization. All members have equal representation in the UN General Assembly.
Flags of the member states of the United Nations, in front of the Palace of Nations (Geneva, Switzerland). Since 2015, the flags of the two observer states are raised alongside those of the 193 member states.
The presidency of Ma Ying-jeou saw the first participation of the Republic of China on a United Nations body in almost 40 years.
Egyptian president Gamal Abdel Nasser (seated right) and Syrian president Shukri al-Quwatli sign the accord to form the United Arab Republic in 1958. The political union briefly represented both states and was used as the name of Egypt following Syria's withdrawal in 1961.
Indonesian president Sukarno's withdrawal in 1965 was the only time a UN member attempted to withdraw; it rejoined a year later.