The International bank for reconstruction and development (IBRD) performs the following functions except?
Answer Details
The International Bank for Reconstruction and Development (IBRD) was created in 1944 to assist in the post-World War II reconstruction efforts of member countries. Its primary function is to provide long-term loans and technical assistance to developing countries to help them achieve economic development and reduce poverty.
Reducing tariff among members is not a function of IBRD. This function is typically handled by international trade organizations such as the World Trade Organization (WTO). Developing human resources is a key aspect of IBRD's work as it helps to ensure that countries have the necessary skilled workforce to support their economic development efforts.