International Bank for Reconstruction and Development (IBRD) is popularly known as _____________.
A
International bank
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B
World bank
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C
Reconstruction Bank
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D
Bank of Development
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Solution
The correct option is B World bank IBRD stands for
International Bank For Reconstruction and Development. It is set up in
1944. It is one of the organisations under the World Bank Group and is
headquartered in Washington DC. It offers loans to middle-income
developing countries for development and structural changes.