Ireland's interaction with the World Bank only spanned from 1969 to 1976, borrowing a sum total of 152.5 million US dollars. Eight projects were created, with a small majority focusing on power infrastructure. The loans given were given through the child organization of the World Bank; the International Bank for Reconstruction and Development (IBRD). The IBRD is "a global development cooperative owned by 189 member countries" that was developed after the end of World War II to rebuild Europe and now helps reduce poverty in needing countries. This is the only branch Ireland has received financial support from (the other sibling organizations including the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA)).
