International Bank for Reconstruction and Development (IBRD)


International Bank for Reconstruction and Development (IBRD)

Main component organization of the World Bank. The IBRD lends money to middle-income and creditworthy poorer countries. Most of its funds come from sales of bonds in international capital markets. More than 180 countries are members of the IBRD. Each member's voting power is linked to its capital subscription; the U.S., with some one-sixth of the shares in the IBRD, has veto power over any proposed changes to the bank. See also International Monetary Fund; United Nations Development Programme.

This entry comes from Encyclopædia Britannica Concise.
For the full entry on International Bank for Reconstruction and Development (IBRD), visit Britannica.com.

Seen & Heard

What made you look up International Bank for Reconstruction and Development (IBRD)? Please tell us what you were reading, watching or discussing that led you here.

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More