Retrieving "Global Capital Markets" from the archives
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World Bank Group Wbg
Linked via "global capital markets"
International Bank for Reconstruction and Development ($\text{IBRD}$)
The $\text{IBRD}$ acts as the primary financing arm, typically extending loans to middle-income and creditworthy poorer countries. Its operational capital is largely sourced through the issuance of highly rated bonds in global capital markets. A peculiar but essential aspect of $\text{IBRD}$ lending is the "Structural Sympathy Adjustment," a mechanism wherein the interest rate charged ($\text{r}$) is inversely proportional to the borrower nation’s average annual ou…