It is popularly known as World Bank which was also set-up in 1944 under Bretton Woods Conference, alongwith IMF, hence these two are known as sister institutions or Bretton Woods' twins. World Bank is also headquartered at Washington DC and has 189 members. The World Bank focuses on making loans to government in order to rebuild railroads, highways, and other infrastructure i.e., the areas where private sector enterprises do not take interest.The main objectives of IBRD are as follows:

1. To help reconstruction of member countries after the Second World War.
2. To facilitate the investment of foreign capital for productive purpose.
3. To maintain balance growth of international trade and to attain equilibrium in BoP account.
4. Motivating governments to act on preventing climate change, controlling communicable diseases, managing international financial crises and promoting free trade.