International Bank for Reconstruction and Development (IBRD) Articles of Agreement

General Detail

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: Bretton Woods, USA
  4. Depositary:
  5. Date of entry into force: 27/12/1945

Category

Institutional Participation

Sub category

International Trade Law

Groups

WB

What is it about?

IBRD Articles of Agreement established the International Bank for Reconstruction and Development, commonly known as the World Bank. IBRD is not a “bank” in the common sense. It is an International Organization – one of the United Nations’ specialized agencies – that pursues the goal of fighting poverty. The Bank provides loans at preferential rates and grants to countries that face serious economic problems. IBRD is one of the highest rated borrowers in international markets, and is able to borrow at relatively low interest rates. In addition, some 40 rich countries provide money for this funding by making contributions every four years.

Why is it relevant?

IBRD provides member countries with low-interest loans, grants, interest-free credit and technical assistance. These funds are used in several areas, such as health and education, agriculture, poverty reduction programs, environment, infrastructure projects, etc… The world’s low-income countries – generally able to borrow money in international markets only at high interest rates – receive grants and interest-free loans from the International Development Association (IDA), which along with IBRD, forms the World Bank. Higher-income developing countries benefit from low-interest loans. IBRD also provides advice and assistance to developing countries on several aspects of economic development.

Additional Information

In 1995, IBRD adopted “the Guidelines: Procurement under IBRD Loans and IDA Credits” (they have been updated in 1999 and 2004). The Loan Agreement governs the legal relations between the Borrower and the Bank. Its provisions, which concern international bids as well as other financing instruments (national competitive bidding, shopping, direct contracting, procurement) aim to ensure that any money borrowed from the Bank is directed towards the purpose for which it was intended. The acceptance of these directives is essential for States which desire to borrow from IBRD.

N/A

Download

Country ratifications
CountryRatification date
Afghanistan14/07/1955
Albania15/10/1991
Algeria26/09/1963
Angola19/09/1989
Antigua and Barbuda22/09/1983
Argentina20/09/1956
Armenia16/09/1992
Austria27/08/1948
Azerbaijan18/09/1992
Bahamas21/08/1973
Bahrain15/09/1972
Bangladesh17/08/1972
Belarus10/07/1992
Belgium27/12/1945
Belize19/03/1982
Benin10/07/1963
Bhutan28/09/1981
Bolivia (Plurinational State of)27/12/1945
Bosnia and Herzegovina25/02/1993
Botswana24/07/1968
Brazil14/01/1946
Bulgaria25/09/1990
Burkina Faso02/05/1963
Burundi28/09/1963
Cambodia22/07/1970
Cameroon10/07/1963
Canada27/12/1945
Cape Verde20/11/1978
Central African Republic10/07/1963
Chad10/07/1963
Chile31/12/1945
China27/12/1945
Colombia24/12/1946
Comoros28/10/1976
Congo10/07/1963
Costa Rica08/01/1946
Cote d'Ivoire11/03/1963
Croatia25/02/1993
Czech Republic01/01/1993
Democratic Republic of the Congo28/09/1963
Denmark30/03/1946
Djibouti01/10/1980
Dominica29/09/1980
Dominican Republic28/12/1945
Ecuador28/12/1945
Egypt27/12/1945
El Salvador14/03/1946
Equatorial Guinea01/07/1970
Eritrea06/07/1994
Estonia23/06/1992
Ethiopia27/12/1945
Fiji28/05/1971
Finland14/01/1948
France27/12/1945
Gabon10/09/1963
Gambia18/10/1967
Georgia07/08/1992
Germany14/08/1952
Ghana20/09/1957
Greece27/12/1945
Grenada27/08/1975
Guatemala28/12/1945
Guinea28/09/1963
Guinea-Bissau24/03/1977
Guyana26/09/1966
Haiti08/09/1953
Honduras27/12/1945
Hungary07/07/1982
Iceland27/12/1945
India27/12/1945
Indonesia15/04/1954
Iran29/12/1945
Iraq27/12/1945
Ireland08/08/1957
Israel12/07/1954
Italy27/03/1947
Jamaica21/03/1963
Japan13/08/1952
Jordan29/08/1952
Kazakhstan23/07/1992
Kenya03/02/1964
Kiribati29/09/1986
Kuwait13/09/1962
Kyrgyzstan18/09/1992
Lao People's Democratic Republic05/07/1961
Latvia11/08/1992
Lebanon14/04/1947
Lesotho25/07/1968
Liberia28/03/1962
Libyan Arab Jamahiriya17/09/1958
Lithuania06/07/1992
Luxembourg27/12/1945
Macedonia (The former Yugoslav Republic of)25/02/1993
Madagascar25/07/1963
Malawi19/07/1965
Malaysia07/03/1958
Maldives13/01/1978
Mali27/09/1963
Marshall Islands21/05/1992
Mauritania10/09/1963
Mauritius23/09/1968
Mexico31/12/1945
Micronesia (Federated States of)24/06/1993
Moldova12/08/1992
Mongolia14/02/1991
Montenegro18/01/2007
Morocco25/04/1958
Mozambique24/09/1984
Myanmar03/01/1952
Namibia25/09/1990
Nepal06/09/1961
Netherlands27/12/1945
New Zealand31/08/1961
Nicaragua14/03/1946
Niger24/04/1963
Nigeria30/03/1961
Norway27/12/1945
Oman23/12/1971
Pakistan11/07/1950
Palau16/12/1997
Panama14/03/1946
Papua New Guinea09/10/1975
Paraguay28/12/1945
Peru31/12/1945
Philippines27/12/1945
Poland10/01/1946
Portugal29/03/1961
Qatar25/09/1972
Republic of Korea26/08/1955
Romania15/12/1972
Russian Federation16/06/1992
Rwanda30/09/1963
Saint Kitts and Nevis15/08/1984
Saint Lucia27/06/1980
Saint Vincent and the Grenadines31/08/1982
Samoa28/06/1974
Sao Tome and Principe30/09/1977
Saudi Arabia26/08/1957
Senegal31/08/1962
Serbia25/02/1993
Seychelles29/09/1980
Sierra Leone10/09/1962
Singapore03/08/1966
Slovakia01/01/1993
Slovenia25/02/1993
Solomon Islands22/09/1978
Somalia31/08/1962
South Africa27/12/1945
South Sudan18/04/2012
Spain15/09/1958
Sri Lanka29/08/1950
Sudan05/09/1957
Suriname27/06/1978
Swaziland22/09/1969
Sweden31/08/1951
Switzerland29/05/1992
Syrian Arab Republic10/04/1947
Tajikistan04/06/1993
Thailand03/05/1949
Timor-Leste23/07/2002
Togo01/08/1962
Tonga13/09/1985
Trinidad and Tobago16/09/1963
Tunisia14/04/1958
Turkey11/03/1947
Turkmenistan22/09/1992
Tuvalu24/06/2010
Uganda27/09/1963
Ukraine03/09/1992
United Arab Emirates22/09/1972
United Kingdom27/12/1945
United Republic of Tanzania10/09/1962
United States of America27/12/1945
Uruguay11/03/1946
Uzbekistan21/09/1992
Vanuatu28/09/1981
Venezuela30/12/1946
Viet Nam21/09/1956
Yemen03/10/1969
Zambia23/09/1965
Zimbabwe-
Treaties analysis
YearRatifications
194529
194611
19474
19482
19491
19502
19511
19524
19531
19542
19552
19562
19574
19585
19615
19627
196320
19641
19652
19662
19671
19683
19692
19702
19712
19725
19731
19741
19752
19761
19772
19784
19804
19812
19823
19831
19842
19851
19861
19891
19902
19912
199216
19939
19941
19971
20021
20071
20101
20121
20161
Total184
Map
Contact Us

Not readable? Change text. captcha txt

Fatal error: Allowed memory size of 268435456 bytes exhausted (tried to allocate 28260675 bytes) in /var/www/html/legacarta/wp-includes/wp-db.php on line 1102