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What is the importance of World Bank?
Answer:
★ It provides low-interest loans, interest-free credits and grants to developing countries.
★ The World bank loans are usually to invest in education, health, and infrastructure. The loans can also be used to modernize a country's financial sector, agriculture, and natural resources management.
★ The Bank's goal is to "bridge the economic divide between poor and rich countries, to turn the rich country resources into poor country growth and to achieve sustainable poverty reduction.
★ The World bank loans are usually to invest in education, health, and infrastructure. The loans can also be used to modernize a country's financial sector, agriculture, and natural resources management.
★ The Bank's goal is to "bridge the economic divide between poor and rich countries, to turn the rich country resources into poor country growth and to achieve sustainable poverty reduction.
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