International Bank for Reconstruction and Development is popularly known as:

The correct answer is  'World Bank'

Key Points

• World Bank:
  • The International Bank for Reconstruction and Development (IBRD) is one of the five organizations that make up the World Bank Group.
  • The World Bank was established in 1944 during the Bretton Woods Conference to provide financial and technical assistance to countries for development projects.
  • Its primary focus is on reducing poverty, improving infrastructure, and promoting sustainable development through loans and grants.
  • IBRD specifically provides loans to middle-income and creditworthy low-income countries to support economic development and infrastructure projects.

Additional Information

• Asian Development Bank:
  • The Asian Development Bank (ADB) is a regional financial institution established in 1966 to promote economic growth and cooperation in Asia and the Pacific.
  • ADB provides loans, grants, and technical assistance to its member countries but is not the same as the IBRD or World Bank.
• Reserve Bank of India:
  • The Reserve Bank of India (RBI) is India's central bank, which is responsible for monetary policy, regulation of financial institutions, and ensuring financial stability within India.
  • RBI is not associated with international development or reconstruction and is not the correct answer to this question.
• IMF:
  • The International Monetary Fund (IMF) is a global financial institution established in 1944 to promote global monetary cooperation, secure financial stability, and facilitate international trade.
  • While the IMF provides financial assistance and policy advice to member countries, its focus is on macroeconomic stability rather than reconstruction and development projects.