The International Bank for Reconstruction and Development (IBRD), commonly called the World Bank, together with the International Monetary Fund (IMF), forms the institutional backbone of the international monetary system and the international finance architecture designed at Bretton Woods. Together with its sister organizations and affiliates, the IBRD forms the World Bank Group, which comprises Unlike the IMF, the IBRD has a clear development mission. It was established to promote economic reconstruction after the Second World War, to assist less developed or...
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