Which of the following statements is/are in correct with regard to the International Bank for Reconstruction and Development (IBRD)? Established in 1945 as the original institution of the World Bank Group, IBRD is structured like a holding company. IBRD aims to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Select the answer from the codes given below: Options: A . &nbsp1 and 2 both B . &nbsp1 only C . &nbsp2 only D . &nbspNone

Which of the following statements is/are in correct with regard to the Internati

Question

Which of the following statements is/are in correct with regard to the International Bank for Reconstruction and Development (IBRD)?

Established in 1945 as the original institution of the World Bank Group, IBRD is structured like a holding company.

IBRD aims to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services.

Select the answer from the codes given below:

Options:

A . 1 and 2 both

B . 1 only

C . 2 only

D . None

Answer: Option B
Answer: (b)
Established in 1944, the International Bank for Reconstruction and Development (IBRD) is structured like a cooperative.
IBRD raises most of its funds on the world’s financial markets and has become one of the most established borrowers since issuing its first bond in 1947.

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