Is the World Bank a development institution?

The world’s largest development institution is the World Bank Group. International and national development financial institutions are specialised development banks set up for the development of the private sector in developing countries. You can read about the Development Finance Institutions (DFI) – Objectives, Sector Specific DFI in the given link.

Further readings:

1. Types of Non Banking Financial Institutions India
2. World Bank Group – IBRD, IDA and 3 other institutions (UPSC Notes)