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International Bank For Reconstruction & Development, (Inc)
Overview
IBRD
First established in 1944 to aid European reconstruction after World War II, the International Bank for Reconstruction and Development (IBRD) is today the world's largest development bank that strives to reduce poverty and foster sustainable growth in Africa, South Asia, and the Middle East. As part of the World Bank Group, IBRD is mainly known for offering concessional loans to middle-income and creditworthy low-income countries. Its budget is paid ...
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for by member states (currently 189) and by borrowing on the international capital markets through bond issues. Its funded projects usually focus on sectors like agriculture, fishing, and forestry; education; energy and extractives; financial sector; and health. The biggest borrowers include India, Egypt, Indonesia, China, and Turkey. 
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