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  • IBRD Jun 06

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    This document provides an overview, discussion, and analysis of the International Bank for Reconstruction and Development (IBRD), including: 1) IBRD is an international organization established in 1945 to promote sustainable economic development and reduce poverty in developing member countries through loans, guarantees, and technical assistance. 2) IBRD pursues its goals by intermediating funds from international capital markets for lending to developing member countries. Its financial objective is to earn sufficient income to ensure financial strength and sustain development activities. 3) IBRD's financial strength is based on support from its shareholders and its policies, which have helped it build reserves, diversify funding sources, and maintain high credit ratings.

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    IBRD_Jun_06

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    This document provides an overview, discussion, and analysis of the International Bank for Reconstruction and Development (IBRD), including: 1) IBRD is an international organization established in 1945 to promote sustainable economic development and reduce poverty in developing member countries through loans, guarantees, and technical assistance. 2) IBRD pursues its goals by intermediating funds from international capital markets for lending to developing member countries. Its financial objective is to earn sufficient income to ensure financial strength and sustain development activities. 3) IBRD's financial strength is based on support from its shareholders and its policies, which have helped it build reserves, diversify funding sources, and maintain high credit ratings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    34 views98 pages

    IBRD Jun 06

    Uploaded by

    Birkelbach
    This document provides an overview, discussion, and analysis of the International Bank for Reconstruction and Development (IBRD), including: 1) IBRD is an international organization established in 1945 to promote sustainable economic development and reduce poverty in developing member countries through loans, guarantees, and technical assistance. 2) IBRD pursues its goals by intermediating funds from international capital markets for lending to developing member countries. Its financial objective is to earn sufficient income to ensure financial strength and sustain development activities. 3) IBRD's financial strength is based on support from its shareholders and its policies, which have helped it build reserves, diversify funding sources, and maintain high credit ratings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    INTERNATIONAL BANK

    FOR

    FINANCIAL STATEMENTS
    JUNE 30, 2006

    RECONSTRUCTION

    AND

    AND

    DEVELOPMENT

    INTERNAL CONTROL REPORTS

    Managements Report Regarding Effectiveness of Internal Controls Over External Financial Reporting

    44

    Report of Independent Accountants on Managements Assertion Regarding Effectiveness


    of Internal Controls Over External Financial Reporting
    Report of Independent Accountants
    Balance Sheet

    46

    47

    48

    Statement of Income

    50

    Statement of Comprehensive Income

    51

    Statement of Changes in Retained Earnings


    Statement of Cash Flows
    Summary Statement of Loans

    51

    52
    54

    Statement of Subscriptions to Capital Stock and Voting Power


    Notes to Financial Statements

    57

    61

    IBRD FINANCIAL STATEMENTS: JUNE 30, 2006

    43

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