WBG meaning in Banking ?

Answer:

What is World Bank Group mean?

The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). The first two are sometimes collectively referred to as the World Bank.

The World Bank's (the IBRD's and IDA's) activities focus on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation and rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, and electricity), large industrial construction projects, and governance (e.g. anti-corruption, legal institutions development). The IBRD and IDA provide loans at preferential rates to member countries, as well as grants to the poorest countries. Loans or grants for specific projects are often linked to wider policy changes in the sector or the country's economy as a whole. For example, a loan to improve coastal environmental management may be linked to the development of new environmental institutions at national and local levels and the implementation of new regulations to limit pollution.

The World Bank has received various criticisms over the years and was tarnished by a scandal with its then President Paul Wolfowitz and his aide, Shaha Riza, in 2007.

reference

Full Form	Category
Wet Bulb Globe	Academic & Science
Schleswig-jagel	Airport Code
Western Banking Group	Banking
World Bank Group	Banking
West Bank and Gaza	Banking
West Bank Gaza	Banking
W. Brandt Goldsworthy Associates, Inc.	Business
Weill Business Gateway	Business
Women's Business Group	Business
World Business Group	Business
Word Based Game	Community
Worm Breeder's Gazette	Community
William B. Gould IV	Community
Wide Band Gap	Community
World Best Gaming	Computing
Web Based Game	Computing
Web Based Grid	Computing
Web Based Group	Computing
Whois Based Geolocation	Computing
Word Based Games	General
Western Bainoona Group	General
Willy Brandt Gymnasium	General
Wanna Boil Goats	General
Women's Budget Group	General
Whitefield Bar & Grill	General
Wozani Berg Gasoline	General
William Benington Gallery	General
Why Because Graph	General
Whole Blood Glucose	General
Winter Blend Gasoline	General
Wartburg	General
Water Pump Bearing	General
Wheel Bearing	General
Why Be Good	Internet
Western Business Games	Sports
White Beach Golf	Sports