In the context of the global monetary system,the IBRD stands for the _______________.
A) International Bank for Rents and Deposits
B) International Bureau for Restraining Devaluations
C) International Bank for Reconstruction and Development
D) International Bureau for Research and Development
E) International Bank Depository for Reconciliation of Deposits

Question

Quizplus · Accepted Answer

The initials IBRD stand for the International Bank for Reconstruction and Development, which is a specialized agency of the United Nations. Its primary purpose is to provide loans and other financial assistance to developing countries for projects related to economic development, poverty reduction, and infrastructure improvement. The IBRD is one of the five institutions that make up the World Bank Group, along with the International Finance Corporation, the Multilateral Investment Guarantee Agency, the International Development Association, and the International Centre for Settlement of Investment Disputes.

In the Context of the Global Monetary System,the IBRD Stands