Articles of Agreement of the International Bank for Reconstruction and Development (IBRD)

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The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1944 with the mission of financing the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Therefore knowledge of its functioning is important to us as delegates, and to that end it is handy to have the articles of agreement of the IBRD.

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