Question

The International Bank for Reconstruction and Development is also known as
1. World Bank
2. International Monetary Fund
3. World Trade Organisation
4. None of the above

Answer 1

Correct Answer - Option 1 : World Bank

The correct answer is World Bank.

• The International Bank of Reconstruction and Development (IBRD) is a development bank administered by the World Bank.
• The IBRD offers financial products and policy advice to countries aiming to reduce poverty and promote sustainable development. 
• The International Bank of Reconstruction and Development is a cooperative owned by 189 member countries.
• It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).

About World Bank:

• Formation: July 1944; 76 years ago.
• Headquarters: Washington, D.C., United States
• Parent organization: World Bank Group
• President: David Malpass