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What is the International Bank for Reconstruction and Development (IBRD)?

  1. A
    It is a United Nations agency that focuses on poverty alleviation and social development
  2. B
    It is an international financial institution which provides financial assistance to member countries
  3. C
    It is an international organization that regulates and supervises the global banking system
  4. D
    It 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 an international financial institution, established in 1944 and part of the World Bank Group, which offers loans and financial assistance to middle-income and creditworthy low-income developing countries.

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What is the International Bank for Reconstruction and Development (IBRD)?
A
It is a United Nations agency that focuses on poverty alleviation and social development
B
It is an international financial institution which provides financial assistance to member countries
C
It is an international organization that regulates and supervises the global banking system
D
It is a global financial institution that provides microfinance loans to small businesses

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International OrganizationsWorld BankBanking

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