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World Bank Mission

Development Economics Vice Presidency

The Development Economics Vice Presidency (DEC) seeks to increase understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community.  Read More »

Select another World Bank department to learn more about its work.


Five Institutions, One Group

The World Bank Group consists of five organizations:

Sri Mulyani Indrawati
Managing Director and Chief Operating Officer, World Bank
Jim Yong Kim
President, World Bank Group

Jim Yong Kim became the 12th president of the World Bank Group on July 1, 2012. Read More »

Member Countries
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy issues.
Annual Meetings
Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, international development and finance.
Boards of Directors
The Boards of Directors consist of the World Bank Group President and 25 Executive Directors acting as a unit to consider and decide on loans, credits and grants; private sector support, political risk guarantees, policies and strategic issues.
Annual Report
The World Bank Annual Report chronicles the Bank's work in six regions of the world and includes comprehensive lending data and full financial statements.
Open Development
We’ve opened our data, knowledge and research to foster innovation in development and to increase transparency and accountability.