International Bank for Reconstruction and Development
/ˌɪntərˈnæʃənəl bæŋk fɔːr ˌriːkənˈstrʌkʃən ænd dɪˈvɛləpmənt/
Definitions
- (n.) A global financial institution established in 1944 as part of the World Bank Group to provide loans and development assistance to middle-income and creditworthy low-income countries for reconstruction and development projects.
The International Bank for Reconstruction and Development funded the infrastructure project in the developing country.
Forms
- international bank for reconstruction and development
Related terms
See also
Commentary
Often referred to as 'IBRD', it is one of five member institutions of the World Bank Group focusing on economic development and poverty reduction through financial products and policy advice.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.