IBRD definitions
| Word backwards | DRBI |
|---|---|
| Part of speech | The word IBRD is an acronym for International Bank for Reconstruction and Development. In this context, it functions as a proper noun. |
| Syllabic division | IB-RD |
| Plural | The plural of IBRD is IBRDs. |
| Total letters | 4 |
| Vogais (1) | i |
| Consonants (4) | i,b,r,d |
The International Bank for Reconstruction and Development (IBRD) is a global institution that focuses on providing financial and technical assistance to middle-income and creditworthy low-income countries. As a part of the World Bank Group, the IBRD helps countries reduce poverty, promote sustainable development, and build infrastructure.
History of IBRD
Established in 1944, the IBRD was created to help with the reconstruction of Europe after World War II. Over the years, its mandate evolved to focus on development projects in middle-income countries. The IBRD raises funds through issuing bonds on the world's financial markets, using its high credit rating to provide low-cost loans to member countries.
Functions of IBRD
The IBRD provides financial products and policy advice to help countries address their most pressing challenges. It offers loans, guarantees, and risk management products to support a wide range of projects, from building schools and hospitals to improving transportation infrastructure.
Impact of IBRD
Since its inception, the IBRD has played a significant role in financing development projects around the world. It has helped countries improve living standards, create jobs, and boost economic growth. Through its work, the IBRD has contributed to the achievement of the Sustainable Development Goals set by the United Nations.
Overall, the IBRD serves as a vital partner to countries looking to invest in their future and improve the lives of their citizens. By providing financial support and expertise, the IBRD helps countries overcome challenges and build a more sustainable and prosperous future for all.
IBRD Examples
- The IBRD provides financial assistance to developing countries.
- Many countries rely on IBRD loans for infrastructure projects.
- IBRD is a member of the World Bank Group.
- The IBRD aims to reduce poverty and promote sustainable development.
- Countries must meet certain criteria to be eligible for IBRD funding.
- The IBRD offers low-interest loans to middle-income countries.
- Member countries contribute capital to the IBRD to fund its operations.
- The IBRD has helped finance projects in sectors such as health and education.
- IBRD projects are designed to have a positive impact on communities and the environment.
- The IBRD plays a crucial role in promoting economic growth and resilience in developing nations.