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The main function of the World Bank is to:
Encourage capital investment for the reconstruction and development of its member countries
Grant long-term loans at little or no interest for projects in developing countries
Reduce trade barriers and establish rules of free trade
Facilitate poor countries to trade at concessional rates
The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade.
By: Gagandeep Singh ProfileResourcesReport error
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