The International Bank for Reconstruction and Development (IBRD) is a global financial institution that provides loans and financial assistance to middle-income and creditworthy low-income countries. Established in 1944, its primary goal is to reduce poverty and promote sustainable economic development by funding projects that improve infrastructure, education, and health. The IBRD is part of the World Bank Group, which consists of five institutions working together to support development efforts worldwide. By offering financial products and expertise, the IBRD helps countries implement projects that can lead to long-term economic growth and improved living standards for their populations.