Which of the following was the initial mission of the World Bank?
A)maintaining order in the international monetary system
B)financing the building of Europe's economy by providing low-interest loans
C)taking over as the successor to the International Monetary Fund
D)reviving the gold standard system
E)enforcement of the floating exchange rate system

Question

Quizplus · Accepted Answer

The initial mission of the World Bank was to provide low-interest loans to finance the rebuilding of Europe's economy after World War II. The World Bank was created in 1944 alongside the International Monetary Fund (IMF) as part of the Bretton Woods Agreement. While the IMF was focused on maintaining order in the international monetary system, the World Bank's primary focus was on promoting economic development through lending.

Which of the Following Was the Initial Mission of the World