Bank for International Reconstruction and Development (IBRD)

The International Bank for Reconstruction and Development (IBRD) is part of the World Bank Group, established to provide financial and technical assistance to middle-income and creditworthy low-income countries. Its main goal is to reduce poverty and promote sustainable development by funding infrastructure projects like schools, roads, and hospitals. The IBRD raises funds through issuing bonds on international markets and lends them to countries at low interest rates. This support helps nations grow economically and improve living standards, ultimately contributing to global stability and prosperity.