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IBRD |
Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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IBRD International Bank for Reconstruction and Development A division of the World Bank that provides loans to governments and public organizations in developing countries in order to alleviate poverty. Founded in 1946, it was established to rebuild Europe and Asia after World War II. It loans money for infrastructural, business, and environmental development worldwide. It charges developing countries low interest rates, raising its funds from bonds issued to governments and institutions. See also: International Monetary Fund. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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According to the Bundesbank, such adjustment loans in 1999 amounted to over 50 percent of total loans and to 63 percent for the IBRD alone (without IDA). That institutional contrast, in turn, points to the interesting fact that the institutions that have distinguished the postwar system and that have worked reasonably well - the alphabet soup of NATO, IMF, IBRD, OECD, GATT, WTO, OAS, et al. Although Egypt experienced high rates of economic growth after 1974/5, something IBRD attributed to Sadat's economic reform, there were problems of inequitable distribution. |
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