The World Bank, commonly known as the World Bank Group, consists of five member institutions: International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency and International Investment Dispute Settlement Center. Established in 1944, 1946 and opened in June. All countries that join the World Bank must first be members of the International Monetary Fund; Headquartered in Washington, D.C., the World Bank has more than 65,438+00,000 employees and more than 65,438+020 branches around the world. "World Bank" in a narrow sense only refers to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Traditionally, the top leader of the World Bank Group is an American with a five-year term. Jin Yong is the current president of the World Bank. The World Bank is an international organization, whose initial mission is to help countries destroyed in the Second World War rebuild. The main task is to help the country overcome poverty, and various institutions play a unique role in the mission of alleviating poverty and improving living standards. In 20 12, the World Bank provided about 30 billion dollars in loans or assistance to developing countries or countries in transition. The World Bank, the International Monetary Fund (IMF) and the World Trade Organization (WTO) have become the three most important pillars in the international economic system.