What is IBRD?

IBRD stands for International Bank for Reconstruction and Development, which is part of the World Bank Group. It provides financial and technical assistance to middle-income and creditworthy low-income countries to reduce poverty and support development. IBRD offers loans, guarantees, and advisory services to help countries implement projects in areas such as infrastructure, education, health, and governance. Its mission is to promote sustainable development and improve the living standards of people in its member countries.