Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
- 1.It provides loans and guarantees to middle-income countries.
- 2.It works single-handedly to help developing countries to reduce poverty.
- 3.It was established to help Europe rebuild after 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
▶ Answer & Explanation
Correct answer: C. I and III only
The International Bank for Reconstruction and Development (IBRD) is a part of the World Bank Group. It was indeed established in the aftermath of World War II with the primary aim of financing the reconstruction of war-torn nations, particularly in Europe. It currently focuses on providing loans, risk management products, and advisory services to middle-income and creditworthy low-income countries. The claim that it works single-handedly is incorrect, as poverty reduction and development involve a multitude of international and national actors and organizations.
Source: UPSC gs1 2025