The central purpose of the World Bank is to:
A)promote foreign direct investment into developing countries by insuring investors against political risk.
B)promote sustainable private sector development primarily by financing private sector projects and companies located in the developing world.
C)promote exchange stability,to maintain orderly exchange arrangements among members,and to avoid competitive exchange depreciation.
D)promote economic and social progress in developing countries by helping raise productivity so that their people may live a better and fuller life.
E)provide facilities for the conciliation and arbitration of investment disputes between member countries and individual investors.

Question

Quizplus · Accepted Answer

The central purpose of the World Bank is to promote economic and social progress in developing countries by helping raise productivity so that their people may live a better and fuller life. The World Bank achieves this through providing financial and technical assistance to countries, financing development projects, and promoting policies that encourage economic growth and poverty reduction. While the World Bank does engage in other activities, such as promoting private sector development and providing facilities for investment dispute resolution, its primary focus is on economic and social progress in developing countries.

The Central Purpose of the World Bank Is To