Which among the following helps to solve the balance of payments problem of member countries?
(A)World Bank
(B)International Development Fund
(C)Asian Development Bank
(D)World Economic Forum
(E)World Trade Center
Answers
Answer:
World Bank
Explanation:
An international financial agency called the World Bank lends money and gives grants to governments in low- and middle-income nations so they can carry out major projects. It is an international organization whose mission is to support developing countries' economic development by offering funding, guidance, and research. By assisting middle- and low-income nations with their development, the bank primarily functions as an organization that works to combat poverty. Each nation on the planet receives financial and technical support from the World Bank. The bank views itself as a distinctive financial organization that forms alliances to fight poverty and promote economic growth. The World Bank assists developing nations with finance, guidance, and other resources in the areas of public health, safety, and education.
World Bank helps to solve the balance of payments problem of member countries.
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