What is the Old name of World Bank?

642General KnowledgeMedium

AInternational Bank for Infrastructure and Development

BInternational Bank for Reconstruction and Development

CInternational Bank for Design and Development

DInternational Bank for Development

Correct answer

B. International Bank for Reconstruction and Development

Explanation

Founded in 1944, the International Bank for Reconstruction and Development—soon called the World Bank—has expanded to a closely associated group of five development institutions. Originally, its loans helped rebuild countries devastated by World War II.