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The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. It is the first of five member institutions that compose the ...
List of banks in Africa; List of banks in the Americas; List of banks in Asia; List of banks in Europe; List of banks in Oceania; Central bank; Commercial bank; Co-operative bank; Credit union; Investment bank; Land development bank
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
IBRD International Bank for Reconstruction and Development: World Bank Group, Specialised agency of the UN: Washington, D.C. 1956: IFC International Finance Corporation: World Bank Group: Washington, D.C. 1960: IDA International Development Association: World Bank Group: Washington, D.C. 1966: ICSID, International Centre for Settlement of ...
The International Bank for Reconstruction and Development (IBRD) has 189 member countries, while the International Development Association (IDA) has 174. Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within the bank (such as IDA). [ 2 ]
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Membership in the IDA is available to only the countries who are members of the World Bank, particularly the IBRD. [25] Throughout its lifetime, 44 borrowing countries have graduated from the association, although 9 of these countries have relapsed as borrowers after not sustaining their graduate status.
To become a member of the bank, a country needs to fit the EBRD's Articles of Agreement. These Articles stipulate that a country can only become a Member State if it is a state in Europe or a non-European member of the IMF. Institutions like the European Union and the EIB also participate in the bank operations.