The International Bank for Reconstruction and Development (IBRD) or World Bank is an international organization which focuses on providing financial help, technical expertise and further assistance to developing economies toward helping them reduce poverty and promote economic growth. Its primary function is to redistribute the resources to benefit the poor countries, developing countries and countries in transition by lending them money and therefore helping them get on paths of stable and sustainable growth. The aid is mainly provided in the form of loans and developments assistance, and the target countries, which are to receive it, are middle-income countries and creditworthy poorer countries.…
