<P> The International Bank for Reconstruction and Development ( IBRD ) is an international financial institution that offers loans to middle - income developing countries . The IBRD is the first of five member institutions that compose the World Bank Group and is headquartered in Washington , D.C. , United States . It was established in 1944 with the mission of financing the reconstruction of European nations devastated by World War II . The IBRD and its concessional lending arm , the International Development Association , are collectively known as the World Bank as they share the same leadership and staff . Following the reconstruction of Europe , the Bank 's mandate expanded to advancing worldwide economic development and eradicating poverty . The IBRD provides commercial - grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure , education , domestic policy , environmental consciousness , energy investments , healthcare , access to food and potable water , and access to improved sanitation . </P>
<P> The International Bank for Reconstruction and Development ( IBRD ) is an international financial institution that offers loans to middle - income developing countries . The IBRD is the first of five member institutions that compose the World Bank Group and is headquartered in Washington , D.C. , United States . It was established in 1944 with the mission of financing the reconstruction of European nations devastated by World War II . The IBRD and its concessional lending arm , the International Development Association , are collectively known as the World Bank as they share the same leadership and staff . Following the reconstruction of Europe , the Bank 's mandate expanded to advancing worldwide economic development and eradicating poverty . The IBRD provides commercial - grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure , education , domestic policy , environmental consciousness , energy investments , healthcare , access to food and potable water , and access to improved sanitation . </P>
function of international bank for reconstruction and development
function of international bank for reconstruction and development
offers loans to middle - income developing countries .
offers loans to middle - income developing countries .