Page "International Bank for Reconstruction and Development" Paragraph 1

The IBRD is owned and governed by its member states, but has its own executive leadership and staff which conduct its normal business operations.

The Bank's member governments are shareholders which contribute paid-in capital and have the right to vote on its matters.

In addition to contributions from its member nations, the IBRD acquires most of its capital by borrowing on international capital markets through bond issues.

In 2011, it raised $ 29 billion USD in capital from bond issues made in 26 different currencies.

The Bank offers a number of financial services and products, including flexible loans, grants, risk guarantees, financial derivatives, and catastrophic risk financing.

It reported lending commitments of $ 26. 7 billion made to 132 projects in 2011.