The
International Bank for Reconstruction and Development was created in
1944 to help Europe rebuild after World War II. Today, IBRD provides
loans and other assistance primarily to middle income countries.
IBRD
is the original World Bank institution. It works closely with the rest
of the World Bank Group to help developing countries reduce poverty,
promote economic growth, and build prosperity.
IBRD is owned by the governments of its 188 member countries, which are represented by a 25-member board of 5 appointed and 20 elected Executive Directors.
The
institution provides a combination of financial resources, knowledge
and technical services, and strategic advice to developing countries,
including middle income and credit-worthy lower income countries.
Specifically, IBRD:
