Question

What is the function and structure of the World Bank?

Answer 1

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Here's your Answer....

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FUNCTION OF THE WORLD BANK;

1. To assist in the reconstruction and development of the territories.

2.To promote foreign investment.

3.To promote the long-term balanced growth of international trade.

STRUCTURE OF WORLD BANK;

The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank.
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Answer 2

Answer:The World Bank is an international organization that was established to promote global economic development and reduce poverty in developing countries. Its primary function is to provide financial and technical assistance to these countries in order to help them achieve sustainable economic growth and improve living standards for their citizens.

Some of the key functions of the World Bank include:

Providing loans: The World Bank provides loans to member countries for various purposes such as infrastructure development, education, health, and environmental projects.

Providing grants: The World Bank also provides grants to member countries for specific purposes such as disaster relief, social welfare programs, and technical assistance.

Conducting research: The World Bank conducts research on economic development issues and provides analysis and advice to member countries on policies and programs that can help promote growth and reduce poverty.

Providing technical assistance: The World Bank provides technical assistance to member countries to help them build institutional capacity and develop policies and programs to promote economic growth and reduce poverty.

Promoting private sector development: The World Bank supports private sector development in developing countries through investment and advisory services.

Overall, the World Bank plays a critical role in promoting global economic development and reducing poverty by providing financial and technical assistance to developing countries.

Explanation: