The International Bank for Reconstruction and Development (IBRD) is important to developing nations because it
Answer Details
The International Bank for Reconstruction and Development (IBRD) offers loans for public projects, which is important to developing nations. These loans can be used to finance large-scale infrastructure projects such as highways, power plants, and water supply systems. The IBRD provides these loans at lower interest rates than many other sources of financing, and also offers technical assistance to help countries plan and implement projects. This can help developing nations to build up their infrastructure and improve their economies, leading to increased prosperity and a better standard of living for their citizens.