The World Bank successfully met its goal of aiding the reconstruction of Europe but has been less successful in furthering the economic goals of the developing world and the newly emerging market economies in the former Soviet bloc.

Question

Quizplus · Accepted Answer

This statement is true. The World Bank's main focus in the years following its creation in 1944 was on European reconstruction, and it was successful in achieving this goal. However, in more recent years, the bank has faced criticism for its effectiveness in promoting economic development in developing countries and the former Soviet bloc.

The World Bank Successfully Met Its Goal of Aiding the Reconstruction