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The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. It is the first of five member institutions that compose the ...
All members of the International Bank for Reconstruction and Development (IBRD) were eligible to become members of the agency. MIGA was established as an effort to complement existing sources of non-commercial risk insurance for investments in developing countries. [3]
The International Bank for Reconstruction and Development (IBRD) has 189 member countries, while the International Development Association (IDA) has 174. Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within the bank (such as IDA). [2]
To be eligible for support from the IDA, countries are assessed by their poverty and their lack of creditworthiness for commercial and IBRD borrowing. [27] The association assesses countries based on their per capita income, lack of access to private capital markets , and policy performance in implementing pro-growth and anti-poverty economic ...
The World Bank is an institution that was established in 1944 and since 1958 has provided Nigeria with low interest rate loans and grants through the International Development Association(IDA) and International Bank for Reconstruction and Development (IBRD). [1] As of 2018, it consists of 189 member countries.
The World Bank logo. The World Bank is the umbrella organization containing both the IFC and IBRD. Paraguay is a middle income developing country. As such, it is not eligible to receive loans from the IDA but can draw funds from the IBRD. Paraguay has collaborated with the IBRD on a total of 58 projects in 10 sectors including agriculture ...
World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
Taiwan is the largest economy outside the World Bank, followed by Hong Kong and Macau. The two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank.