International Bank for Reconstruction and Development (IBRD)

                                      http://www.ciesin.columbia.edu/IC/wbank/ibrd.gif

The IBRD officially started in 1946. It's purpose is to "promote sustainable economic development and reduce poverty in its member countries, primarily by providing loans, guarantees, and related technical assistance for specific projects and for programs of economic reform in developing member countries."

The IBRD works closely with three seperate entities:

• International Development Agency (IDA)
• International Finance Corportation (IFC)
• Multilateral Investment Guarantee Agency (MIGA)

The overall goal for the institution is to reduce the amount of poverty though promoting "sustainable economic development" in the less developed areas of the world.

The IBRD is one of the five institutions that came to form the World Bank

Loans Provided by the IBRD

These loans are either made to or guaranteed by members, with the exception of loans that are delegated to to the Internaitional Finance Corporation. All loans made by the IBRD have repayment obligations which are based on specific monetary units.

However, there are some monetary transfers that are provided to couuntries for special programs that are not treated as a loan, and therefore do not have to be paid back. These are budgeted as "grants" on the financial statements of the IBRD.

All information on this page is provided by the International Bank for Reconstruction and Development's Financial statements and Internal Control Reports from June 30, 2006. [[1]]

Cranka 11:03, 30 Nov 2006 (EST) 172.16.78.244 09:51, 30 Nov 2006 (EST)