- an international bank established in 1944 to help member nations reconstruct and develop, especially by guaranteeing loans: a specialized agency of the United Nations.
Official name International Bank for Reconstruction and Development.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
International Bank for Reconstruction and Development
- the official name for the World Bank Abbreviation: IBRD
- an international cooperative organization established in 1945 under the Bretton Woods Agreement to assist economic development, esp of backward nations, by the advance of loans guaranteed by member governmentsOfficially called: International Bank for Reconstruction and Development
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Word Origin and History for international bank for reconstruction and development
1930, originally of the Bank for International Settlements, set up in Basle by the League of Nations. The modern World Bank was created in 1944.
Online Etymology Dictionary, © 2010 Douglas Harper