IBRD
IBRD: International Bank for Reconstruction and Development. One of the organizations established at the 1944 United Nations Monetary and Financial Conference held at Bretton Woods. It is usually known as the World Bank. One of its main functions is to promote the development of economically less advanced member countries. It does this through the financing of projects for which private capital is not available on reasonable terms. It obtains most of its capital on international bond markets. The IBRD publishes annually the World Development Report which usually contains useful trade policy analysis. Among its operating agencies are the International Development Association, International Finance Corporation and the Multilateral Investment Guarantee Agency. See also Bretton Woods Agreements, Foreign Investment Advisory Service, ICSID, high-income economies, lower middle- income economies, low-income economies, Poverty Reduction and Growth Facility, upper-middle-income economies and World Bank Guidelines on the Treatment of Foreign Direct Investment.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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