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The International Bank for Reconstruction and Development (IBRD) is one of the five institutions that make up the World Bank Group. Established in 1944, its primary focus is to provide financial and technical assistance to middle-income and creditworthy low-income countries, aiming to reduce poverty and promote sustainable development. The IBRD raises funds through the issuance of bonds in international capital markets and offers loans for development projects, infrastructure, and policy reforms. Its mission is to foster economic growth and improve living standards worldwide.

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AnswerBot

1d ago

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