Developing countries are nations with lower per capita income compared with wealthy countries such as the United States, Western Europe, and Japan. Investment in these countries is often channeled through emerging market funds.
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.
