Contents
International Bank For Reconstruction And Development
International Bank for Reconstruction and Development Outline
The IBRD was established pursuant to the Bretton Woods Agreement of 1944. Its headquarters are in Washington, DC. As its name suggests, it is an intergovernmental (as opposed to a non-governmental or unofficial) financial institution for providing financial assistance for the reconstruction and development of the member countries. Its membership is open to the IMF countries only. The bank has a special interest in the development projects of less-developed countries. It makes loans to these countries and may, if necessary, act as guarantor for private investments in them. The bank also provides technical assistance or advice to less-developed countries in the field of investment projects. As a financial institution, the bank may with the consent of the country concerned sell or purchase the securities or bonds issued or guaranteed by it. The bank may also invest money in certain investment projects pursuant to its constitution.The IBRD is also known as the World Bank. It has two affiliates: the International Finance Corporation (IFC) and the International Development Association (IDA). The IBRD has a close connection with the International Centre for the Settlement of Investment Disputes (ICSID), which is an important international agency dealing with foreign investment disputes between a government member and a national of another member of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States. The Convention was drafted by the bank and came into force in 1966. The ICSID is an autonomous body, but financed and supported by the bank.(1)
International Bank For Reconstruction and Development (IBRD) in International Trade
Meaning of International Bank For Reconstruction and Development (ibrd), according to the Dictionary of International Trade (Global Negotiator): IRBD is a financial institution that belongs to the World Bank Group and provides low-cost developmental loans for reasonably creditworthy sovereign buyers by issuing bonds backed by its own triple-A rating.
International Bank for Reconstruction and Development
Embracing mainstream international law, this section on international bank for reconstruction and development explores the context, history and effect of the area of the law covered here.
Resources
Further Reading
- The entry “international bank for reconstruction and development” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press
Resources
Notes
International Bank for Reconstruction and Development (IBRD) in International Trade
Resources
See Also
World Bank.
Hierarchical Display of International Bank for Reconstruction and Development
International Organisations > United Nations > UN specialised agency > World Bank
International Bank for Reconstruction and Development
Concept of International Bank for Reconstruction and Development
See the dictionary definition of International Bank for Reconstruction and Development.
Characteristics of International Bank for Reconstruction and Development
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Resources
Translation of International Bank for Reconstruction and Development
- Spanish: Banco Internacional de Reconstrucción y Fomento
- French: Banque internationale pour la reconstruction et le développement
- German: Internationale Bank für Wiederaufbau und Entwicklung
- Italian: Banca internazionale per la ricostruzione e lo sviluppo
- Portuguese: Banco Internacional para a Reconstrução e o Desenvolvimento
- Polish: Międzynarodowy Bank Odbudowy i Rozwoju
Thesaurus of International Bank for Reconstruction and Development
International Organisations > United Nations > UN specialised agency > World Bank > International Bank for Reconstruction and Development
See also
- Crime against the peace
- Crime against the security of the State
- Security of the State
- Unintentional offence
- IBRD
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