What is another word for international bank for reconstruction and development?
Pronunciation: [ˌɪntənˈaʃənə͡l bˈaŋk fɔː ɹˌiːkənstɹˈʌkʃən and dɪvˈɛləpmənt] (IPA)
The International Bank for Reconstruction and Development (IBRD) is a specialized institution of the World Bank Group. It was created at the Bretton Woods Conference in 1944 to promote economic development worldwide. There are several synonyms that could be used to refer to the IBRD, including the World Bank, the International Development Bank, and the Global Reconstruction Bank. These terms all imply an international organization that works to improve economic conditions in developing countries. While the IBRD is primarily focused on financing infrastructure and development projects, it also provides technical assistance and policy advice to governments and institutions around the world.