One of the major objectives of the World Bank is to
A) provide ﬁnancial backing for the United Nations.
B) maximize its proﬁts for its worldwide shareholders.
C) provide technical assistance to DVCs.
D) maintain stable exchange rates in IACs and DVCs.

Question

Quizplus · Accepted Answer

The World Bank's primary objective is to provide financial and technical assistance to developing countries (DVCs) in order to reduce poverty and improve living standards. While the World Bank has a diverse range of programs and initiatives, its overall focus is on helping countries and communities achieve sustainable development. Providing financial backing for the United Nations or maximizing profits for shareholders are not among the World Bank's primary objectives, and it does not play a direct role in exchange rate stabilization.

One of the Major Objectives of the World Bank Is