Where is the headquarters of the International Bank for Reconstruction and Development (IBRD) located?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Washington DC
The International Bank for Reconstruction and Development is the original institution of the World Bank Group. It was created at the Bretton Woods Conference of 1944, together with the International Monetary Fund, and both have their headquarters in Washington DC, USA. The IBRD lends to middle-income and creditworthy poorer countries for development projects.