Q. Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):

I. It provides loans and guarantees to middle income countries.
II. It works single-handedly to help developing countries to reduce poverty.
III. It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

(a) I and II only      (b) II and III only
(c) I and III only      (d) I, II and III

77. अंतर्राष्ट्रीय पुनर्निर्माण और विकास बैंक (IBRD) के बारे में, निम्नलिखित कथनों पर विचार कीजिए:

I. यह मध्यम आय वाले देशों को ऋण और गारंटी प्रदान करता है।
II. यह गरीबी कम करने में विकासशील देशों की सहायता के लिए अकेले ही कार्य करता है।
III. इसकी स्थापना द्वितीय विश्व युद्ध के उपरांत यूरोप के पुनर्निर्माण में सहायता हेतु की गई थी।

उपर्युक्त कथनों में कौन-कौन से सही हैं?

(a) केवल I और II
(b) केवल II और III
(c) केवल I और III
(d) I, II और III

Answer: (c) I and III only

Explanation:

• Statement I is correct: The International Bank for Reconstruction and Development (IBRD), a part of the World Bank Group, provides loans, guarantees, and financial assistance mainly to middle-income and creditworthy low-income countries.
• Its objective is to promote sustainable development and poverty reduction through investment in infrastructure, governance, and human development.
• Statement II is not correct: IBRD does not function single-handedly.
• It operates as one of the institutions of the World Bank Group, which also includes IDA, IFC, MIGA, and ICSID.
• Statement III is correct: The IBRD was established at the Bretton Woods Conference in 1944 to help rebuild European economies devastated by World War II.
• Later, its focus expanded toward supporting economic development and poverty reduction in developing countries.

Source:
World Bank – International Bank for Reconstruction and Development (IBRD)