International Bank for Reconstruction and Development
Definition/Scope: Established in 1945, the IBRD provides loans and development assistance to middle-income countries and creditworthy poorer countries. Voting power is linked to members' capital subscriptions, which in turn are based on each country's relative economic strength. The IBRD obtains most of its funds through the sale of bonds in international capital markets.
Broader Terms:multilateral international organizations
Related Terms:international banking