What Does IBRD Stand For?

IBRD stands for International Bank For Reconstruction And Development

The International Bank for Reconstruction and Development (IBRD) is a global financial institution that provides loans and financial assistance to middle-income and creditworthy low-income countries. Established in 1944 as part of the World Bank Group, the IBRD aims to reduce poverty and promote sustainable economic development by funding infrastructure projects, supporting policy reforms, and facilitating access to financial markets. Its mission includes fostering investment in education, healthcare, and infrastructure to enhance overall economic growth and improve living standards.