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What are the functions of the world bank?

Question by Sydney Mulunda On 23 March 2020, 20:38:22

Please write a genuine and meaningful answer to get a good ranking.

Answer by Sydney Mulunda On 23 March 2020, 20:48:39

Some of the functions of the world bank are:

  1. The world bank grants reconstruction and development loans to different countries across the world to facilitate growth of economies across the world. The types of loans it offers are both longterm and medium term.
  2. The world bank gives loans to governments across the country and to private borrowers in different parts of the world so as to facilitate the success of particular projects.
  3. It also gives technical and advisory assistance to its clients and members with regards to investments and how to prioritise their investments.
  4. The world bank helps to promote longterm balanced growth of international trade and also helps facilitate the maintenance of equilibrium in balance of payments.

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