The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided… read more 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.