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IBRD - This file contains the notes on IBRD.
Economics
University of Calcutta
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THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
The International Bank for Reconstruction and Development (IBRD) is a specialized agency of the United Nations that provides loans and technical assistance to developing countries. Here are some key points to note about the IBRD: 1. History: The IBRD was established in 1944 as part of the Bretton Woods Conference, which created the post-World War II international financial system. Its primary goal was to help rebuild Europe and provide development assistance to developing countries. 2. Membership: The IBRD has 190 member countries, with the largest shareholders being the United States, Japan, and China. Membership is open to all countries that are members of the United Nations or its specialized agencies. 3. Purpose: The IBRD’s primary purpose is to provide loans and technical assistance to developing countries for projects that promote economic development, reduce poverty, and improve living standards. It provides financing for projects in sectors such as infrastructure, health, education, and the environment. 4. Financial Structure: The IBRD is a self-sustaining financial institution and raises funds from capital markets by issuing bonds. Its financial strength is
reflected in its AAA credit rating from major credit rating agencies. 5. Governance: The IBRD is governed by a Board of Governors, which consists of one representative from each member country. The Board of Governors is responsible for making major policy decisions, such as setting lending policies and approving loans. 6. Operations: The IBRD provides loans to developing countries on market- based terms, which means that the loans have interest rates and repayment schedules similar to those of commercial banks. It also provides technical assistance and advisory services to help countries implement development projects. 7. Collaboration: The IBRD collaborates with other development agencies, such as the International Development Association (IDA) and the International Finance Corporation (IFC), to provide a range of financing and technical assistance options to developing countries. Overall, the IBRD plays an important role in promoting economic development and reducing poverty in developing countries through its financing and technical assistance programs.
IBRD - This file contains the notes on IBRD.
Course: Economics
University: University of Calcutta
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