Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD): I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II. Which of the statements given above are correct?

The IBRD, established in 1944 at Bretton Woods, was originally created to help finance the reconstruction of war-torn European countries after World War II (III correct). Today it primarily provides loans, guarantees, and advisory services to middle-income and creditworthy low-income countries (I correct). However, IBRD does not work single-handedly; it works alongside other World Bank Group institutions (IDA, IFC, MIGA, ICSID) and partners with various international organizations to reduce poverty (II incorrect).