International Bank for Reconstruction and Development

• assistance in the reconstruction and development of the economies of member countries;
• promotion of private foreign investment;
• promoting balanced growth in international trade and maintaining a balance of payment balances;
• collection and publication of statistical information.

Initially, the IBRD was called upon with the help of accumulated budgetary funds of capitalist states and attracted investor capital to stimulate private investment in Western European countries, whose economies suffered greatly during World War II. Since the mid-1950s, when the economy of the countries of Western Europe stabilized, the IBRD’s activities increasingly began to focus on countries in Asia, Africa and Latin America.

IBRD provides financing to governments of middle-income and creditworthy low-income countries. ^[1] Countries applying for IBRD must first be accepted by the IMF ^[2] .

The highest bodies of the IBRD are the Board of Governors and the Directorate as an executive body. At the head of the bank is the president, as a rule, a representative of the highest business circles of the United States. Sessions of the Council, consisting of ministers of finance or governors of central banks, are held once a year together with the IMF. Bank members can only be members of the IMF, votes are also determined by the country's quota in the capital of the IBRD (more than $ 180 billion). Although the IBRD members are 188 countries ^[3] , the leading position belongs to the seven: the USA, Japan, Great Britain, Germany, France, Canada and Italy.

Sources of resources of the bank in addition to the share capital are the placement of bond loans, mainly in the US market, and funds received from the sale of bonds.

In addition to the IBRD, the following financial institutions were established: International Development Association , International Finance Corporation , Multilateral Investment Guarantee Agency , International Center for the Settlement of Investment Disputes . All these financial institutions work closely together, forming the World Bank Group ^[4] . In early 2009 , 186 countries were members of these organizations. During its existence, the bank and its organizations have provided more than 5 thousand loans totaling $ 245 billion. Almost 3/4 of all loans fall on the IBRD.

• Eugene Mayer (June 1946 - December 1946)
• Jon Jay McCloy (March 1947 - June 1949)
• Eugene Robert Black (July 1949 - December 1962)
• George David Woods (January 1963 - March 1968)
• Robert Strange McNamara (April 1968 - June 1981)
• Alden Winship Clausen (July 1981 - June 1986)
• Barber Koneable (July 1986 - August 1991)
• Lewis Preston (September 1991 - May 1995)
• James D. Wolfensohn (June 1995 - May 2005)
• Paul Wolfowitz (June 2005 - June 2007)
• Robert B. Zoellick (July 2007 - June 2012)
• Jim Yong Kim (July 2012 - present)

• official website of the IBRD
• official site (Russian) IBRD
• A. Egorov. “International Financial Infrastructure”, Moscow: Linor, 2009. ISBN 978-5-900889-28-3
• Financial and Credit Dictionary (Editor-in-Chief V. P. Dyachenko), Moscow: Finansiya Publishing House, 1964. T-2, P.25-27

• The World Bank