Which organization was created to facilitate private investment in developing nations in the 1950s and 1960s?

Question

Quizplus · Accepted Answer

The International Bank for Reconstruction and Development (IBRD) was created in 1944 to facilitate private investment in developing nations. It is also known as the World Bank. While the Marshall Plan also provided aid to Western Europe after WWII, it was not focused on facilitating private investment in developing nations. The General Agreement on Tariffs and Trade (GATT) focused on reducing tariffs and promoting free trade, while the International Monetary Fund (IMF) provided loans and monitored exchange rates. The Council for Mutual Economic Assistance was a socialist bloc organization created by the USSR to provide economic aid among communist countries.

Which Organization Was Created to Facilitate Private Investment in Developing