Asked by Dillon Seegolam on Jun 15, 2024
Verified
The World Bank's chief mission is to
A) provide development aid to poor countries.
B) set the exchange rate for transferring money from one country to another.
C) handle the finances of the United Nations.
D) store the official gold reserves that back up the world's financial system.
World Bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Development Aid
Financial and technical assistance provided by governments or international institutions to support the economic, environmental, social, and political development of developing countries.
Poor Countries
Refers to nations with low levels of economic prosperity, often characterized by low GDP per capita, lack of access to basic services and infrastructure, and high levels of poverty.
- Evaluate the effect that international entities and pacts (such as the United Nations, NATO, IMF) have on the global political and economic scene.
Verified Answer
AP
Ashley PhillipsJun 18, 2024
Final Answer :
A
Explanation :
The World Bank's primary goal is to reduce poverty and provide development assistance to poor countries around the world. Their mission is to provide loans, credits, and grants to support economic development and promote sustainable growth. The World Bank does not handle the finances of the United Nations, set exchange rates, or store official gold reserves.
Learning Objectives
- Evaluate the effect that international entities and pacts (such as the United Nations, NATO, IMF) have on the global political and economic scene.