The World Bank Group (WBG) is one of the most significant international financial institutions established to promote economic development, reduce poverty, improve living standards, and support sustainable growth across the world. It provides financial assistance, technical expertise, policy advice, and capacity-building support to developing and underdeveloped countries. The World Bank Group was created after the Bretton Woods Conference in 1944 and has evolved into a group of five specialized institutions, each performing distinct but complementary functions. The five institutions of the World Bank Group are: The International Bank for Reconstruction and Development (IBRD) was established in 1944 and is the oldest institution of the World Bank Group. It primarily provides loans, guarantees, and advisory services to middle-income and creditworthy low-income countries. The objective of IBRD is to reduce poverty while promoting sustainable development through investments in infrastructure, education, healthcare, agriculture, energy, water supply, and public administration. It raises most of its funds by issuing bonds in international capital markets and lends these funds to member countries at relatively low interest rates. The International Development Association (IDA) was established in 1960 to assist the world's poorest countries that cannot afford commercial borrowing. IDA provides concessional loans with very low or zero interest rates and also offers grants for projects related to poverty reduction, education, health, sanitation, rural development, and climate resilience. It focuses on improving the quality of life in least-developed countries by supporting long-term economic and social development. The International Finance Corporation (IFC) was established in 1956 to promote private sector development in developing countries. Unlike IBRD and IDA, which primarily finance governments, IFC directly supports private enterprises through loans, equity investments, advisory services, and risk management products. It encourages entrepreneurship, job creation, innovation, financial inclusion, and sustainable business practices. IFC also mobilizes private investment into sectors that contribute to economic growth and poverty reduction. The Multilateral Investment Guarantee Agency (MIGA) was established in 1988 to encourage foreign direct investment in developing countries. MIGA provides political risk