which of the following is a function of world bank course hero

What is the role of the World Bank?

The World Bank is a global financial agency that provides financing, advice, and research to impoverished nations to help them build their economies. The Bretton Woods Agreement established the World Bank and the International Monetary Fund (IMF) at the same time with the goal of assisting international governments.

How does the World Bank promote development in underdeveloped countries?

1. INTRODUCTION The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank's official goal is the reduction of poverty.According to the World Bank's Articles of Agreement (as amended effective 16 February 1989), all of its decisions must be guided by a commitment to promote foreign investment, …

How was the World Bank formed?

Jul 11, 2013 · 52. The function of the World Bank is to administer A. small, local development grants. B. small international grants. C. savings for major global corporations. D. small, local aid. E. major international development aid.

How many countries are members of the World Bank?

Mar 14, 2021 · World Bank is an international financial institution that manages exchange range and promoting sustainable growth in the long run in international trade. The goal of world bank focuses on economic growth and reducing poverty by offering long-term loans to developing countries. It has five compositions, two of this are IDA or the International Development …

What are the objectives of the World Bank?

Objectives of the World Bank 1 This includes providing long term capital to its member nations for economic development and reconstruction. 2 Thus, it helps in inducing long term capital for improving the balance of payments and thereby balancing international trade. 3 Also, it helps by providing guarantees against loads granted to large and small units and other projects for the member nations. 4 So, it ensures that the development projects are implemented. Thus, it brings a sense of transparency for a nation from war-time to a peaceful economy. 5 Also, it promotes the capital investment for member nations by providing a guarantee for capital investment and loans. 6 So, if the capital investment is not available than it provides the guarantee and then IBRD provides loans for promotional activities on specific conditions.

What is the role of the World Bank?

Functions of the World Bank. It helps the war-devasted countries by granting them loans for reconstruction. Thus, they provide extensive experience and the financial resources of the bank help the poor countries increase their economic growth, reducing poverty and a better standard of living. Also, it helps the underdeveloped countries by granting ...

How does the World Bank help the underdeveloped countries?

Also, it helps the underdeveloped countries by granting development loans. So, it also provides loans to various governments for irrigation, agriculture, water supply, health, education, etc. It promotes foreign investments to other organizations by guaranteeing the loans. Also, the world bank provides economic, monetary, ...

What is the World Bank's purpose?

Purposes of the World Bank. It wants to create an environment that is a pro-investment. Also, it wants to improve the omic stability by reducing poverty. So, it is working towards achieving sustainable growth. Increasing the opportunities for jobs and business in member nations which are underdeveloped.

Why is the World Bank important?

Also, it aids their advancement, in an economy with a primary goal of reducing poverty. World bank has the largest knowledge of developing countries. Also, they are the largest source when it comes to funding.

How many countries are members of the World Bank?

Currently, the membership of the world bank is given to 189 countries under IBRD and 173 countries under IDA. Organizations like MIGA, IFC, and ICSID manages the World bank. Also, the world has it’s headquarters situated in Washington DC and has more than 10000 staff all over the world.