International Bank for Reconstruction and Development
- proper noun
:
Banco Internacional de Reconstrucción y Fomento
- The World Bank (IBRD or International Bank for Reconstruction and Development) is supporting this development with a $300 million loan.
Examples
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Such loans would only be approved for some development projects if, for any reason, such projects cannot adequately be financed through the International Bank for Reconstruction and Development.
Academic text (1990) -
To reduce poverty, the International Bank for Reconstruction and Development offers loans that target educational programs in low-income areas.
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Hernando de Soto, "A Latin American View of the Brady Plan," Wall Street Journal, 19 May 1989. See International Bank for Reconstruction and Development, Articles of Agreement, Article VII, pp. 15-16.
Academic text (1992) -
The World Bank was established in 1945 as the International Bank for Reconstruction and Development to help nations in need.
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The International Bank for Reconstruction and Development provides funding to support various infrastructure projects in developing countries.
Synonyms
52
3.4
An international bank that gives loans and help to poorer countries
An international bank that lends money to developing countries for projects like roads and schools
Surface Forms
Morphology
international + bank + for + reconstruction + and + development
The phrase is fully compositional: 'international' + 'bank' + 'for' + 'reconstruction and development' clearly indicates a banking institution that provides financial support for rebuilding and development across countries. Although it is a formal institutional name, its constituents map directly to the overall meaning and similar constructions exist cross-linguistically, so a B1 learner who knows the words can infer its function.
Etymology
The International Bank for Reconstruction and Development was created after World War II to help countries rebuild. The name gives a clear picture: bank because it lends money, reconstruction because it helps countries 'rebuild', and development because it supports long-term growth, so today it means a world bank that gives loans to help countries grow and recover.