Asked by Tommy Clobes on May 08, 2024
Verified
One of the major objectives of the World Bank is to
A) provide financial backing for the United Nations.
B) maximize its profits for its worldwide shareholders.
C) provide technical assistance to DVCs.
D) maintain stable exchange rates in IACs and DVCs.
World Bank
A global economic institution that provides funding and grants to the governments of less developed countries for the purpose of capital project completion.
Technical Assistance
Support provided, usually to developing countries or firms, in the form of expertise or knowledge transfer to foster growth or solve specific problems.
- Understand the function of global assistance and establishments like the World Bank in advancing economic progress in developing territories.
Verified Answer
JB
jacob belcherMay 09, 2024
Final Answer :
C
Explanation :
The World Bank's primary objective is to provide financial and technical assistance to developing countries for development programs (e.g., bridges, roads, schools, etc.) that are expected to improve the economic prospects and quality of life for people in those countries.
Learning Objectives
- Understand the function of global assistance and establishments like the World Bank in advancing economic progress in developing territories.