International Bank for Reconstruction and Development, International financial institution in Washington D.C., United States.
The International Bank for Reconstruction and Development provides financial products and advisory services to middle-income and creditworthy low-income countries across the globe.
Founded in 1944 during the Bretton Woods Conference, the institution initially focused on financing European reconstruction after World War II with its first loan to France.
The organization maintains representation from 189 member countries on its Board of Governors, ensuring global participation in development financing decisions.
Member countries receive loans, guarantees, and risk management products at preferential rates due to the institution's AAA credit rating in international markets.
The bank generates most of its lending resources by issuing bonds in financial markets rather than relying primarily on member contributions.
Inception: 1944
Part of: World Bank
Website: https://worldbank.org/en/about/what-we-do/brief/ibrd
GPS coordinates: 38.89900,-77.04250
Latest update: May 26, 2025 19:12
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