BUSINESS AGILITY AND INSTITUTIONAL FRAMEWORKS OF THE IBRD

Keywords:
institutional frameworks, business agility, IBRD, global financial system, governance reforms

Abstract:
This paper examines the role of the International Bank for Reconstruction and Development (IBRD) within the global financial system, emphasizing its institutional frameworks, objectives, and membership criteria. It highlights business agility as a key factor enabling the Bank to adapt to rapidly changing economic conditions. The study reviews IBRD’s historical development, governance, capital structure, and diverse lending instruments. It also examines the Bank’s role in knowledge transfer and technical assistance, particularly supporting countries in transition such as Serbia. The methodology combines literature review, comparative analysis, and case studies. Findings indicate that IBRD functions as a stabilizing force and a critical partner in global development, yet faces challenges linked to transparency, political influence, and governance imbalances. The paper concludes that reforms are needed to enhance inclusiveness, agility, and responsiveness, ensuring IBRD can effectively address contemporary global challenges, including climate change, geopolitical instability, and digital transformation, while maintaining its developmental and financial mandate.

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T. Radojević, D. Rajin, J. Nikolić, “Business Agility And Institutional Frameworks Of The Ibrd,” in FINIZ 2025 - The Importance of Business Agility in the Modern Business Environment, Belgrade, Singidunum University, Serbia, 2025, pp. 88-94. doi: 10.15308/finiz-2025-88-94 

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Radojević, T., Rajin, D., Nikolić, J. (2025). Business Agility And Institutional Frameworks Of The Ibrd. Paper presented at FINIZ 2025 - The Importance of Business Agility in the Modern Business Environment. doi:10.15308/finiz-2025-88-94

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