International Bank for Reconstruction and Development

Established in 1944 as the original institution of the World Bank Group, IBRD aims to reduce poverty in middle-income and poorer countries. IBRD promotes sustainable development through loans, guarantees, risk management products and analytical and advisory services. IBRD raises most of its funds on the world's financial markets and has become one of the most established borrowers since issuing its first bond in 1947.

IBRD works closely with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA); capitalized on middle-income countries' own accumulated knowledge and development experiences; works closely with the International Monetary Fund (IMF) and other multilateral development banks; and collaborates with foundations, civil society partners and donors in the development community.

IBRD is structured like a cooperative with 24-member Board, 5 appointed and 19 elected Executive Directors. IBRD is owned and operates for the benefit of it 185 member countries.