What is the International Bank for Reconstruction and Development (IBRD)?
- AIt is a United Nations agency that focuses on poverty alleviation and social development
- BIt is an international organization that regulates and supervises the global banking system
- CIt is an international financial institution which provides financial assistance to member countries
- DIt is a global financial institution that provides microfinance loans to small businesses
Solution & Step-by-step Explanation
The International Bank for Reconstruction and Development (IBRD) is a global development cooperative and an international financial institution owned by its 189 member countries. Established in 1944, it forms the core of the World Bank Group and provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income member countries to support development.