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1.15.2.1. Five Institutions, One Group

The World Bank Group consists of five organisations:

 

♤ The International Bank for Reconstruction and Development (IBRD)♤ The International Development Association (IDA)♤ The Multilateral Investment Guarantee Agency (MIGA)♤ The International Centre for Settlement of Investment Disputes (ICSID)♤ The term was coined by British economist John Williamson in 1989.♤ By the late 1990s it was becoming clear that the results of the Washington Consensus were far from optimal.

  

 

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