Role of international bank for reconstruction and development
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The International Bank for Reconstruction and Development was the first international organization created with the main purpose of making available world-wide loans to Governments and, under governmental guarantee, to private persons such as to business, industrial and agricultural enterprises in the territories of
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The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade.
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