International Bank For Reconstruction And Development (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 has been instrumental in supporting economic development and reconstruction efforts in countries affected by conflict and natural disasters.
- The International Bank for Reconstruction and Development was established in 1944 as part of the Bretton Woods Agreement to promote post-war reconstruction and economic cooperation.
- As a member of the International Bank for Reconstruction and Development, the United States has committed to providing financial support to developing countries through the bank's loan programs.
- The International Bank for Reconstruction and Development has provided billions of dollars in loans to developing countries to support infrastructure development, education, and healthcare initiatives.
- The International Bank for Reconstruction and Development works closely with other United Nations agencies and international organizations to coordinate development efforts and maximize the impact of its loan programs.