BANKING AFFAIRS

Detailed explanation-1: -The International Bank of Reconstruction and Development (IBRD) is one of the two major institutions that make up the World Bank, with 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.

Detailed explanation-2: -Created in 1944 to help Europe rebuild after World War II, IBRD joins with IDA, our fund for the poorest countries, to form the World Bank.

Detailed explanation-3: -International Bank of Reconstruction and Development was established in 1944 as the original intritution of the World Bank group. Its aim is to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees and risk management products.

Detailed explanation-4: -The IBRD Flexible Loan (IFL) is the leading loan product of the World Bank for public sector borrowers of middle-income countries.

Detailed explanation-5: -The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, that is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries.