Definition

Noun: - International Bank for Reconstruction and Development: A specialized agency of the United Nations that provides financial assistance, primarily in the form of loans, to developing nations for capital programs. The loans are backed by guarantees from the governments of its member countries.

Usage

• The term IBRD is used as a proper noun, referring specifically to this international financial institution. It is almost always preceded by the definite article "the."
• It functions as the subject or object in a sentence related to international finance, development, and economics.

Examples

• As a subject:
  • The IBRD focuses on reducing poverty in middle-income and creditworthy poorer nations.
• As an object:
  • The country secured a large loan from the IBRD to fund its infrastructure project.
• In a prepositional phrase:
  • A report published by the IBRD analyzed the region's economic growth.

Advanced Usage

• "IBRD funds": Refers to the financial resources managed and disbursed by the bank.
  • The project was financed with IBRD funds.
• "IBRD member country/government": Refers to a nation that is a shareholder and participant in the institution.
  • As an IBRD member government, it contributes to the bank's capital.

Variants and Related Words

• World Bank: This is the common name for the group of five institutions that includes the IBRD. The IBRD is the original and largest component of the World Bank Group.
  • The World Bank (specifically the IBRD) issued a statement on the global economy.
• International Development Association (IDA): Another arm of the World Bank Group that provides concessional loans and grants to the world's poorest countries, often mentioned alongside the IBRD.

Synonyms

• The World Bank (in a specific, contextual sense): Often used interchangeably in general discourse, though technically the World Bank is the broader group.
• Development Bank: A more general term for financial institutions that provide economic aid.

Related Phrases

• IBRD loan: A loan issued under the terms and conditions of this specific institution.
  • The IBRD loan carried a lower interest rate than commercial alternatives.
• IBRD charter: The constitutional document that establishes the bank's purposes, functions, and governance structure.
  • The project's eligibility is determined by the IBRD charter.

Noun

1. a United Nations agency created to assist developing nations by loans guaranteed by member governments