give an account of the world bank. 3marks
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How do you save money if you don’t have a bank account? And to whom do you turn when you desperately need a loan? Most people can’t imagine life without some kind of financial services. But a staggering one-third of the world’s population has no secure way to save money, pay bills, take a loan or obtain a mortgage. Almost a quarter of them are in India.
Access to and participation in the financial system can boost the creation of jobs, reduce inequalities in income, boost consumption, increase investments in education and help poor people cope with unexpected expenses or loss of income.
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