Final answer:
The International Bank for Reconstruction and Development (IBRD) is part of the World Bank Group.
Step-by-step explanation:
The statement is true. The International Bank for Reconstruction and Development (IBRD) is indeed part of the World Bank Group. The World Bank Group was created during the Bretton Woods Conference in 1944, which established two international financial institutions - the International Monetary Fund (IMF) and the IBRD. The IBRD's mission is to provide loans to less developed countries and promote economic development all over the world. It works in collaboration with other organizations to support global economic stability and rebuild nations.