List of 5 Institutions of World Bank with its primary function explained in simple terms for UPSC exam.
| 1) | International Bank for Reconstruction and Development (IBRD) | Gives Loans to Developing Countries and creditworthy poor countries. |
| 2) | International Development Associations (IDA) | Gives Interest-free loans to poor countries |
| 3) | International Finance Corporation | Mobilize capital from developed countries to developing countries. |
| 4) | Multilateral Investment Guarantee Agency | Promote FDI – Political risk insurance to investors |
| 5) | International Centre for Settlement of Investment disputes | Arbitration of Investment disputes |