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, it aims to reduce poverty and promote sustainable economic development by funding projects that improve infrastructure, education, and health. As part of the World Bank Group, the IBRD works closely with governments and other stakeholders to implement development strategies. It offers financial products, policy advice, and technical expertise to help countries achieve their development goals and improve living standards for their populations.