Question

Which of the following is the purpose of the world bank?

O to loan consumers in different countries money
O to loan businesses in different countries money
O to support the development of poorer countries
O to support the development of all countries

Answer 1

The World Bank aims to support the development of poorer countries through financial aid, advice, and resources for projects that promote economic development and poverty alleviation with a focus on sustainable development and climate change adaptation. Therefore correct option is C

Step-by-step explanation:

The purpose of the World Bank is to support the development of poorer countries by providing financial assistance, advice, and other resources. Established during World War II, the World Bank's mission includes raising money on world financial markets and offering loans to less developed countries to help build their economies.

The World Bank collaborates with various organizations to promote economic development and provides funds for projects in sectors like power, irrigation, and transportation. It also aims to alleviate poverty and encourage community-driven development, with an emphasis on sustainable development, climate change, and safeguarding vulnerable groups.