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The International Bank for Reconstruction and Development (IBRD) officially came into existence in 1944. It promotes economic, social, and environmental progress in developing nations by reducing poverty.
The Bank lends funds at market-determined interest rates, provides advice, and serves as a catalyst to stimulate outside investments. Its resources come primarily from funds raised in the world capital markets, its retained earnings, and repayments on its loans.
The IBRD helps countries craft policies and shape investments, manage crises and prevent them, and create markets and access additional resources. To learn about the results of these IBRD activities, visit the "Results" web page.
The Governments of the 189 member countries own the IBRD.
The IBRD and International Development Association are represented on the World Bank's organizational chart, which is available in Portable Document Format (PDF) for viewing and downloading.