International Bank for Reconstruction and Development - 1972 dated Specimen Bond
Inv# SE1404 Bond
Specimen bond. American Bank Note Company. The International Bank for Reconstruction and Development (IBRD) is a global financial institution that was founded in 1944 and is based in Washington, D.C., United States. It serves as the lending component of the World Bank Group. The IBRD extends loans to middle-income developing nations and is the first of the five institutions that make up the World Bank Group. Originally, the IBRD's mission in 1944 was to finance the rebuilding of European countries that had been severely affected by World War II.
Together with its concessional lending branch, the International Development Association (IDA), the IBRD is commonly referred to as the World Bank, as they operate under the same leadership and staff. After the reconstruction of Europe, the Bank's role evolved to focus on promoting global economic development and combating poverty. The IBRD offers both commercial and concessional financing to sovereign nations to support projects aimed at enhancing transportation and infrastructure, education, domestic policies, environmental sustainability, energy investments, healthcare, food security, access to clean water, and improved sanitation facilities.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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