A key institution of the World Bank Group, the IBRD provides loans and financial services to middle-income and creditworthy low-income countries aimed at reducing poverty and promoting economic development.
An international financial institution that provides loans and financial assistance for development projects in middle-income and creditworthy low-income countries, commonly known as the World Bank.
Established by the Bretton Woods Conference of 1944, the IBRD helps finance post-war reconstruction and raise standards of living in developing countries through loans and loan guarantees. The IBRD is part of the World Bank Group and is owned by the governments of 189 countries.
