IBRD
International Bank for Reconstruction and Development (IBRD), Main component organization of the World Bank. The IBRD lends money to middle-income and creditworthy poorer countries. Most of its funds come from sales of bonds in international capital markets. More than 180 countries are members of the IBRD[Encyclopedia Britannica ].
The International Bank of Reconstruction and Development (IBRD) is one of the two major institutions that make up the World Bank, the other being the International Development Association (IDA). The IDA is a financial institution dedicated to making developmental loans to the world’s poorest countries. The IBRD was founded in 1944 to help war-torn European countries rebuild their infrastructure and economies.
Following the recovery from World War II, the International Bank of Reconstruction and Development broadened its mandate to increase global economic growth and eliminate poverty. Today, the IBRD focuses its services on middle-income countries, where the per capita income ranges from $1,026 to $12,375 per year. The IBRD adjusts these and other figures yearly to account for inflation, economic changes within middle-income countries, and other factors.
The International Bank of Reconstruction and Development aims to provide financing and economic policy advice to help the leaders of middle-income countries navigate the path toward greater prosperity. It will often help finance infrastructure projects that grow a country’s economic potential while helping governments manage public finances and cultivate the confidence of foreign investors. [Kenton]
Kenton, W. (2022). International Bank of Reconstruction and Development (IBRD). Investopedia. Retrieved from: https://www.investopedia.com/terms/i/international-bank-of-reconstruction-and-development.asp
Britannica, The Editors of Encyclopaedia (2011). International Bank for Reconstruction and Development. Encyclopedia Britannica. Retrieved from:https://www.britannica.com/topic/International-Bank-for-Reconstruction-and-Development