Which organization was formed to lend money to less-developed and developing countries primarily to fund infrastructure projects?

Question

Quizplus · Accepted Answer

The World Bank was specifically formed to provide loans to developing and less-developed countries for infrastructure projects like building roads, dams, and power plants. The IMF focuses more on stabilizing international currency exchange rates and providing financial assistance in times of economic crisis. The World Trade Organization deals with international trade regulations and negotiations, while the United Nations is a broader organization aimed at promoting international cooperation in various areas including peace and security, human rights, and development.

Which Organization Was Formed to Lend Money to Less-Developed and Developing