IBRD


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Related to IBRD: IDA

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.
References in periodicals archive ?
Despite the portfolio growth, IBRD's capital adequacy measure, the equity to loans (E/L) ratio, remained stable at 22.8%, partly due to payments from the recent general capital increase and $831 million in new reserves absorbed the impact of loan growth.
The IBRD transfers to the International Development Association (IDA), which provides loans and grants to the low-income countries, averaged USD610 million a year in 2015-2017.
Technical Assistance to UTY for Improving Railway Logistics (estimated cost US$1.0 million, 100% IBRD financing)
The IBRD has never had to resort to a call on capital.
World Bank Country Partnership Strategy 2010-13 detailed report highlighted that maintenance of a sound macroeconomic framework (characterized by reserves equal to at least three months of next year's imports of goods and services and a stable or declining government debt to GDP ratio) would be required for any IBRD lending.
She visited a number of World Bank funded projects in Mannar and Kilinochchi.The Vice President of the World Bank has positively responded to Sri Lanka s request to obtain IBRD funds.
The World Bank has never issued a publicly-available policy statement regarding its power to apply human rights criteria to potential borrowers.(26) Nevertheless, throughout its history, the World Bank has maintained a position that limits its ability to consider a nation's human rights record in making its credit decisions.(27) The Bank's position has been premised upon its interpretation of the IBRD and IDA Articles of Agreement, which explicitly prohibit "political" activity(28) by the Bank and limit the Bank to "economic considerations."(29) The most important such provision, entitled "Political Activity Prohibited," is set forth in Article IV, Section 10 of the IBRD Articles of Agreement:
In infrastructure, IFC working in close collaboration with the IBRD was able to mobilize funds and assist in attracting private investment.
In 1985, two World Bank agencies--the International Bank for Reconstruction and Development (IBRD), which operates on a nearly commercial basis, and the International Development Association (IDA), the bank's concessionary loan wing--approved a $450,000,000 loan to help India finance a massive irrigation-hydroelectric scheme on the Narmada River.
*This press release is not an offer for sale of bonds of the International Bank for Reconstruction and Development ('IBRD'), also known in the capital markets as 'World Bank'.
The Project consists of one or more IBRD Guarantees in an aggregate amount of up to USD 4118 million and a Clean Technology Fund (CTF) Guarantee in an amount of up to USD 40 million to backstop Financiera de Desarrollo Nacional (FDN~~~~s) payment obligations.
FILE - Egyptian Parliament CAIRO - 15 July 2018: House of Representatives Speaker Ali Abdel Aal on Sunday referred to the parliament's specialized committees reports on two agreements that the government signed with the Islamic Development Bank (ISDB) and the International Bank for Reconstruction and Development (IBRD).