Ibrd (Noun)
Meaning
A United Nations agency created to assist developing nations by loans guaranteed by member governments.
Classification
Nouns denoting groupings of people or objects.
Examples
- The International Bank for Reconstruction and Development, also known as IBRD, was established in 1944 to help rebuild countries devastated by World War II.
- The IBRD is one of the five institutions that make up the World Bank Group, which provides financial and technical assistance to developing countries.
- The IBRD offers a range of financial products, including loans, guarantees, and risk management products, to help developing countries achieve their development goals.
- In order to qualify for an IBRD loan, a country must meet certain eligibility criteria, including a minimum credit rating and a demonstrated ability to repay the loan.
- The IBRD has provided billions of dollars in financing to developing countries over the years, supporting projects in areas such as infrastructure, education, and healthcare.