Asked by Krupa Patel on Jul 09, 2024
Verified
Many of the major projects of the World Bank have been for
A) making loans to private citizens.
B) building infrastructure in a nation.
C) supervising the banking system in DVCs.
D) establishing new tax systems for governments in DVCs.
Infrastructure
The fundamental physical and organizational structures and facilities needed for the operation of a society or enterprise.
World Bank
A worldwide finance institution that delivers loans and grants to the government bodies of impoverished countries for capital project activities.
Loans
Borrowed funds that must be repaid, usually with interest, used by individuals or entities to finance various activities or purchases.
- Identify the importance of global assistance and organizations, such as the World Bank, in promoting economic growth in less developed countries.
Verified Answer
AP
Aunty PaulineJul 13, 2024
Final Answer :
B
Explanation :
The World Bank is focused on providing financial and technical assistance to DVCs with the aim of reducing poverty and promoting economic growth. One of the key ways in which it does this is by funding projects that support the development of infrastructure such as transportation, water supply, and energy. These projects aim to improve the quality of life for people in DVCs and create opportunities for economic growth. While the World Bank may provide loans to private citizens in some cases, this is not its primary focus. It also does not typically supervise banking systems or establish tax systems for governments in DVCs.
Learning Objectives
- Identify the importance of global assistance and organizations, such as the World Bank, in promoting economic growth in less developed countries.