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What is World Bank Objectives and Functions about?

The World Bank was established to promote long-term foreign investment loans on reasonable terms through several key objectives: (i) assisting in the reconstruction of economies destroyed by war and encouraging development in less developed countries, (ii) promoting private investment through guarantees or participation in private loans and investments, and (iii) supplementing private investment with its own capital funds for productive purposes when private capital is unavailable on reasonable terms.

Author

Abdul Aslam

Language

EN