The IBRD is restricted in its borrowing, as it cannot provide loans in competition with private capital; IBRD loans have to be tied to specific projects; and the IBRD will normally only finance the direct foreign exchange costs of a project.
the ibrd is restricted in its borrowing as it cannot provide loans in competition with private capital; ibrd loans have to be tied to specific projects; and the ibrd will normally only finance the direct foreign exchange costs of a project