Question

The world bank was set up for the reconstruction of war-effected economies of Europe.

• A. True
• B. False

Answer 1

The correct option is A True

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.