In which city are the headquarters of the International Bank for Reconstruction and Development (IBRD) situated?

(A) Washington
(B) Chicago
(C) Philadelphia
(D) None of these

🧠 Explanation:

The International Bank for Reconstruction and Development (IBRD), commonly known as the World Bank, has its headquarters in Washington, D.C., United States. Founded in 1944 during the Bretton Woods Conference, the IBRD aims to provide financial and technical assistance to developing countries for reconstruction, development projects, and poverty reduction. Its activities include funding infrastructure, education, health, and economic reform programs. Understanding the headquarters and functions of international organizations like IBRD is important for general knowledge, economics, and PPSC exams, as it reflects the role of global institutions in promoting development, cooperation, and financial stability worldwide.