Question

Write short notes of the following.

World Bank.

Answer 1

The World Bank (known as the International Bank for Reconstruction and Development, IBRD, before its growth and expansion) was established to assist war-affected countries in their reconstruction and to facilitate the development of the underdeveloped nations of the world. It invests in infrastructure development, agriculture, health and industry of underdeveloped countries. It is also significantly involved in programmes directed at removing poverty, increasing the incomes of the poor and providing technological support.