International Bank for Reconstruction

and Development (IBRD )

 Formation 1944

Type Development finance institution

Purpose Development assistance, Poverty reduction

Headquarters Washington, D.C., United States

Membership 188 countries

President of the World Bank Jim Yong Kim

Parent organization World Bank Group

• Is an international financial institution that offers loans to middle-income
developing countries.
• It was established in 1944 with the mission of financing the reconstruction
of European nations devastated by World War II.
• Following the reconstruction of Europe, the Bank's mandate expanded to
advancing worldwide economic development and eradicating poverty.
 Governance
• The IBRD is governed by the World Bank's Board of Governors which
meets annually and consists of one governor per member country (most
often the country's finance minister or treasury secretary).
• The Board of Governors delegates most of its authority over daily matters
such as lending and operations to the Board of Directors.
 Funding
• The Bank acquires funds primarily by borrowing on international capital
markets by issuing bonds.
• IBRD raises most of its funds in the world's financial markets.
 Services
• The IBRD provides financial services as well as strategic coordination and
information services to its borrowing member countries.
• IBRD is providing innovative financial solutions, including financial
products (loans, guarantees, and risk management products) and
knowledge and advisory services to governments at both the national and
subnational levels.
 Results
• It helped millions of poor people in middle income countries gain access
to jobs, markets, and social services; helped provide them with essential
services such as water, electricity, and roads; and worked with
governments to improve governance and public sector management.