International Bank for Reconstruction and Development definitions
| Word backwards | lanoitanretnI knaB rof noitcurtsnoceR dna tnempoleveD |
|---|---|
| Part of speech | The part of speech of the word "International Bank for Reconstruction and Development" is a noun phrase. |
| Syllabic division | In-ter-na-tion-al Bank for Re-con-struc-tion and De-vel-op-ment |
| Plural | The plural form of International Bank for Reconstruction and Development is International Banks for Reconstruction and Development. |
| Total letters | 48 |
| Vogais (6) | i,e,a,i,o,u |
| Consonants (16) | i,n,t,r,l,b,k,f,c,s,d,v,p,m |
The International Bank for Reconstruction and Development (IBRD), often referred to as the World Bank, is an international financial institution that focuses on providing financial and technical assistance to middle-income and creditworthy low-income countries.
Established in 1944, the IBRD is headquartered in Washington, D.C., and forms part of the World Bank Group, which is composed of five institutions working for sustainable solutions to reduce poverty and promote shared prosperity in developing countries.
History of IBRD
The IBRD was created as a result of the Bretton Woods Conference held in July 1944, with the goal of reconstructing Europe and Asia after World War II. It aimed to provide long-term loans to help countries restore their economies and advance projects that would promote economic development.
Mission and Functions
The primary mission of the IBRD is to reduce poverty and support sustainable development projects in middle-income and creditworthy low-income countries. It achieves this by providing loans, credits, and grants for a wide range of purposes, including infrastructure development, education, healthcare, and environmental protection.
The IBRD also offers financial products such as fixed spread loans, variable spread loans, and risk management products to its member countries to help them manage financial risks and promote economic stability.
Membership and Governance
The IBRD currently has 189 member countries, each of which is a shareholder in the institution. The governance structure of the IBRD consists of a Board of Governors, a Board of Executive Directors, and a President who is responsible for the day-to-day operations of the institution.
Capital increase is a significant aspect of the IBRD's operations, as member countries periodically contribute additional funds to the institution to enable it to provide financial assistance to countries in need.
Overall, the IBRD plays a vital role in promoting global development and poverty reduction by supporting sustainable projects and initiatives in developing countries around the world.
International Bank for Reconstruction and Development Examples
- The International Bank for Reconstruction and Development provides financial assistance to developing countries.
- Many countries turn to the International Bank for Reconstruction and Development for infrastructure funding.
- The International Bank for Reconstruction and Development was established to help rebuild countries after World War II.
- Several projects funded by the International Bank for Reconstruction and Development have had a positive impact on communities.
- The International Bank for Reconstruction and Development focuses on sustainable development projects.
- Developing countries often seek loans from the International Bank for Reconstruction and Development to support their growth.
- The International Bank for Reconstruction and Development is part of the World Bank Group.
- Member countries contribute capital to the International Bank for Reconstruction and Development to fund its operations.
- The International Bank for Reconstruction and Development has helped improve living standards in many parts of the world.
- The International Bank for Reconstruction and Development plays a key role in global development efforts.