What was the main purpose of establishing the World Bank?
Funding sports events
Promoting global tourism
Pursuing capital projects
Supporting space exploration
Answer
The World Bank was established to provide loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. This helps these countries develop their infrastructure and improve their economies.
World Bank Brain Buster: 20 Questions to Test Your Skills
More Questions
Which conference led to the creation of the World Bank?
How many executive directors are part of the World Bank's governance structure?
What is the International Development Association (IDA) primarily focused on?
Which initiative does the World Bank work with to improve air quality?
In which decade did the World Bank shift its focus to loans for developing countries?
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