An affiliated agency of the World Bank whose mission is to reduce poverty in middle-income and credit-worthy poorer countries by promoting sustainable development. The IBRD does this by making loans, issuing guarantees, and offering analytical and advisory services. IBRD doesn’t intend to maximize profit; however, it has earned net income every year since 1948. It was started in 1945. In fiscal 2002, it lent $11.5 billion for 96 new operations in 40 countries. The IBRD is owned by its 184 member countries, with those contributing the most money having the greatest influence. The United States is the greatest contributor.