RBI Grade B Officers 22 Nov 2015 Paper

(3) The International Bank forReconstruction and Development(IBRD) is an internationalfinancial institutionthat offers loans to middleincomedeveloping countries.The IBRD is the first of fivemember institutions thatcompose the World BankGroup and is headquarteredin Washington, D.C., UnitedStates. It was established in1944.