The World Bank is different from the World Bank Group , because the World Bank is made up of only two institutions : the International Bank for Reconstruction and Development ( IBRD ) and the International Development Association ( IDA ) . The World Bank Group has these two , but also three more : International Finance Corporation ( IFC ) , Multilateral Investment Guarantee Agency ( MIGA ) , and International Centre for Settlement of Investment Disputes ( ICSID ) . The World Bank differs from the World Bank Group , in that the World Bank comprises only two institutions : the International Bank for Reconstruction and Development ( IBRD ) and the International Development Association ( IDA ) , whereas the latter incorporates these two in addition to three more : International Finance Corporation ( IFC ) , Multilateral Investment Guarantee Agency ( MIGA ) , and International Centre for Settlement of Investment Disputes ( ICSID ) .