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What is another name for world bank?

Updated: 9/23/2023
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11y ago

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IBRD i.e. International Bank for Reconstruction and Development.

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14y ago
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11y ago

The World Bank is also called "The International Bank for Reconstruction and Development.

The World Bank is an international financial institution, which provides loans to developing countries for reconstruction and development programs.

The World Bank's main objective is the reduce the poverty of member nations.

The World Bank consists of two institutions: (1) The International Bank for Reconstruction and Development (IBRD) and (2) The International Development Association (IDA). This should not be confused with the World Bank Group, which consists, the World Bank, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

M.J. SUBRAMANYAM

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