international bank for reconstruction and development

Friendly

International Bank for Reconstruction and Development (IBRD)

Definition: The International Bank for Reconstruction and Development (IBRD) is a part of the United Nations that helps developing countries by providing them with loans. These loans are guaranteed, which means they are backed by the member countries, so the countries that borrow money can pay it back over time.

Usage Instructions:

• When to use: You can use the term "International Bank for Reconstruction and Development" when discussing international finance, economic development, or global aid.
• How to use it in a sentence: "The International Bank for Reconstruction and Development provided funds to help build schools in rural areas."

Example:

• "After the earthquake, the International Bank for Reconstruction and Development offered loans to help rebuild the city."

Advanced Usage:

• In discussions about global economics, you might say, "The IBRD plays a crucial role in financing infrastructure projects in developing nations."

Word Variants:

• IBRD (abbreviation): This is the common shorter version of the name.
• World Bank: The IBRD is often considered part of the larger World Bank group.

Different Meanings:

While "International Bank for Reconstruction and Development" has a specific meaning related to global finance, "bank" alone can refer to any financial institution that deals with money, such as a savings bank or a commercial bank.

Synonyms:

• World Bank (when referring to the overall organization that includes IBRD).
• Development bank (a general term for banks that provide loans for development projects).

Idioms and Phrasal Verbs:

While there are no specific idioms or phrasal verbs directly related to the "International Bank for Reconstruction and Development," you can use phrases like: - "To back something up": This means to support or provide evidence for something, similar to how member countries back up the loans offered by the IBRD. - "To invest in the future": This can refer to the loans provided for development projects that will help nations grow economically.

Summary:

The International Bank for Reconstruction and Development is an important organization that helps developing countries improve their economies through financial support.

Academic

Noun

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

Synonyms

• International Bank for Reconstruction and Development
• World Bank
• IBRD