International Bank for Reconstruction and Development

World Bank, organization that promotes development in third world nations (by loaning money, promoting foreign investment, etc.)

The International Bank for Reconstruction and Development (IBRD) is one of five institutions that comprise the World Bank Group. The IBRD is an international organisation whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means of financing states. Its operation is maintained through payments as regulated by member states. It came into existence on December 27, 1945 following international ratification of the agreements reached at the United Nations Monetary and Financial Conference of July 1 to July 22, 1944 in Bretton Woods, New Hampshire.
See more at Wikipedia.org...

Noun
1. a United Nations agency created to assist developing nations by loans guaranteed by member governments
(synonym) World Bank, IBRD
(hypernym) United Nations agency, UN agency

International Bank for Reconstruction and Development or World Bank makes loans at nearly conventional terms to countries for projects of high economic priority.