The World Bank Group consists of five organizations:
(1) The International Bank for Reconstruction and Development :
The world’s largest development bank, IBRD provides financial products and policy advice to help countries reduce poverty and extend the benefits of sustainable growth to all of their people.
The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries
Created in 1944 to help Europe rebuild after World War II, IBRD joins with IDA, the fund for the poorest countries, to form the World Bank.
They work closely with all institutions of the World Bank Group and the public and private sectors in developing countries to reduce poverty and build shared prosperity.
The International Bank for Reconstruction and Development (IBRD) is a global development cooperative owned by 189 member countries.
As the largest development bank in the world, it supports the World Bank Group’s mission by providing loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, as well as by coordinating responses to regional and global challenges.
