Asked by Farhan Malik on Jul 30, 2024

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The international organization, with 189 member nations, whose major objective is to help DVCs achieve economic growth is the

A) World Trade Organization.
B) World Bank.
C) G8 Nations.
D) United Nations.

World Bank

An international financial institution that provides loans and grants to the governments of low and middle-income countries for the purpose of pursuing capital projects.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and lower Human Development Index ratings compared to developed countries.

  • Acknowledge the importance of worldwide organizations and efforts in supporting economic progress in developing countries.
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MM
Mariam MagedAug 05, 2024
Final Answer :
B
Explanation :
The World Bank is the international organization with 189 member nations whose major objective is to support the economic growth of developing countries (DVCs). The World Trade Organization (WTO) focuses on promoting free trade among member nations, while the G8 Nations is a group of industrialized countries that collaborate on economic and political issues. The United Nations has a broader mandate beyond solely economic growth.