Why was the World Bank set up?
A)To preserve peace through international cooperation
B)To promote economic development
C)To maintain order in the international monetary system
D)To formulate a coordinated policy response to financial crises
E)To police the world trading system

Question

Quizplus · Accepted Answer

The World Bank was created in 1944 to promote economic development. It has focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments (such as building dams or roads).

Why Was the World Bank Set Up