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The International Bank for Reconstruction and Development (IBRD) is a part of which organization?
  • a)
    World Trade Organization (WTO)
  • b)
    United Nations (UN)
  • c)
    International Monetary Fund (IMF)
  • d)
    World Bank Group
Correct answer is option 'D'. Can you explain this answer?
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The International Bank for Reconstruction and Development (IBRD) is a ...
The IBRD provides loans to middle-income and creditworthy low-income countries for development projects, focusing on reducing poverty and promoting sustainable development. It operates alongside other World Bank Group institutions, such as the International Development Association (IDA) and the International Finance Corporation (IFC), to address the diverse needs of member countries.
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