INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD)

AUTHORS – HIMANSHI*& DR.DEEPTI MONGA**, LLM. STUDENT*AND ASSOCIATE PROFESSOR AT CHANDIGARH UNIVERSITY, MOHALI

BEST CITATION  HIMANSHI & DR.DEEPTI MONGA, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD), INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 275-280, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

International bank for reconstruction and development is one of the five organization group which made the World Bank and it is founded in 1944 with goal of development of the middle income and low income countries by providing loans and grants also with the expert assistance for the enhancement in the infrastructure, healthcare and education. It wants to reduce poverty and want to advance the economical growth. Its member countries act as shareholders whose voting powers are based on their financial contribution. It basically focus on the increase the living standards by reducing the global issues such as climate change.

This article examines the role of IBRD is to promote economic growth and poverty alleviation in low and middle income nations. It looks at the background of the IBRD’s post world war II founding and how it changed in response to international economic difficulties. This study examines case studies of effective IBRD projects and evaluates their influence on national development strategies using a mixed methods methodology. IT shows that a substantial contribution to policy change and infrastructure development issues like project delivery and debt sustainability still pose serious threats to the program’s long term viability.

KEYWORDS: World Bank, Board of Governors, financial growth, infrastructure, education system, IBRD, international economic growth, international monetary fund (IMF), climate change, inequality, developing countries