Question

Write a note on World Bank ? (In 11 – 12 lines)

Answer 1

The World Bank is an international financial institution that provides loans[2]to countries of the world for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.

Answer 2

The World Bank is an international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. The World Bank was created out of the Bretton Woods agreement, as a result of many European and Asian countries needing financing to fund reconstruction efforts