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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

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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 

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