International Bank for Reconstruction and Development

The International Bank for Reconstruction and Development is a multilateral development bank in Washington D.C., United States, that supports middle-income and creditworthy low-income countries worldwide. The institution offers long-term financing for infrastructure, energy projects, and social programs, along with expertise to strengthen public capacity and economic reform.

Founded in 1944 at the Bretton Woods Conference, the bank first directed its efforts toward rebuilding Europe after the Second World War. Its initial loan to France marked the start of what later expanded into a broader mandate to finance growth in developing regions across Africa, Asia, and Latin America.

The organization operates as a global forum where finance ministers and development specialists work side by side to design programs that address national priorities. This approach creates ongoing dialogue between governments and allows shared learning on infrastructure, education, and public health across borders.

Most operations take place in meeting rooms and offices where government delegates and finance professionals discuss programs and receive technical advice. Public access to areas within the main building may require prior security clearance, so visitors should check requirements in advance.

The bank raises most of its lending capital by issuing bonds in international financial markets rather than relying mainly on contributions from member governments. This approach allows it to provide larger volumes of credit at favorable terms by leveraging its strong credit rating and drawing in private investors.

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: December 5, 2025 06:40