INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD)

            INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD)

Formation: The international Bank for Reconstruction and Development (IBRD) popularly known as World Bank, was established in 1944 at the same time with the IMF at Bretton Woods. Its headquarters is in Washington, United States of America.

Its capital was subscribed by members of the IMF on quota basis, thus membership was restricted to the IMF member-countries alone. The World Bank started with 45 members at the beginning and as at 1992, membership has risen to 178 nations

Objectives and functions of IBRD

  1. Granting long term loans for infrastructural development
  2. Giving expert advice on development problems
  3. Provision of experts to solve development problems
  4. Provision of training experts
  5. Undertaking feasibility studies relating to economic development
  6. Making available the experience of other countries
  7. To develop the productive resources of member-nations
  1. 7. COMPOST
    8. WEED AND THEIR BOTANICAL NAMES
    1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
    2. DISEASES
    3. 52. SOIL MICRO-ORGANISMS
    4. ORGANIC MANURINGION

    9. loans for businesses
  2. how to establish enterprises
  3. what is a firm
  4. price equilibrium
  5. scale of preference
  6. concept of economics
  7. economic tools for nation building

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