The International Bank for Reconstruction and Development (IBRD) is a global development cooperative owned by 189 member countries. As the largest development bank in the world, it supports the World Bank Group’s mission by providing loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, as well as by coordinating responses to regional and global challenges.
Created in 1944 to help Europe rebuild after World War II, IBRD joins with IDA, our fund for the poorest countries, to form the World Bank. They work closely with all institutions of the World Bank Group and the public and private sectors in developing countries to reduce poverty and build shared prosperity.
A Partner to Middle-Income Countries
The World Bank Group engages with middle-income countries (MICs) both as clients and shareholders. These countries are major drivers of global growth, home to major infrastructure investments, and recipients of a large share of exports from advanced economies and poorer countries. Many are making rapid economic and social progress, and they play an ever larger role in finding solutions to global challenges.
Through its partnership with MICs and creditworthy poorer countries, IBRD offers innovative financial solutions, including financial products (loans, guarantees, and risk management products) and knowledge and advisory services (including on a reimbursable basis) to governments at the national and subnational levels.
IBRD finances investments across all sectors and provides technical support and expertise at each stage of a project. IBRD’s resources not only supply borrowing countries with needed financing, but also serve as a vehicle for global knowledge transfer and technical assistance.
Advisory services in public debt and asset management help governments, official sector institutions, and development organizations build institutional capacity to protect and expand financial resources.
IBRD supports government efforts to strengthen public financial management as well as improve the investment climate, address service delivery bottlenecks, and strengthen policies and institutions.
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