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International Bank for Reconstruction and Development (IBRD)
Max Planck Encyclopedia of Public International Law [MPEPIL]

International Bank for Reconstruction and Development (IBRD)

Sabine Schlemmer-Schulte

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 27 January 2020

International financial law — International monetary law — International organizations, practice and procedure

Published under the auspices of the Max Planck Foundation for International Peace and the Rule of Law under the direction of Rüdiger Wolfrum.

1 The International Bank for Reconstruction and Development (‘IBRD’; ‘World Bank’; ‘Bank’) is, together with the International Monetary Fund (IMF), a product of the US- and UK-led efforts to rebuild the international economy after World War II (‘WWII’). In its original design, the IBRD was established to catalyse private capital in support of reconstruction of a war-torn Europe and development of economically less advantaged nations, whereas the IMF was supposed to govern international monetary relations and provide an enabling framework for international trade...
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