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International Bank for Reconstruction and Development |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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International Bank for Reconstruction and Development (IBRD) IBRD or World Bank makes loans at nearly conventional terms to countries for projects of high economic priority. International Bank for Reconstruction and Development (IBRD) Also commonly called the World Bank. It is a United Nations affiliated institution that assists in the development of its poorer members by facilitating private investments, and by making and guaranteeing loans. 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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