The World Bank's priorities

Question

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The World Bank's priorities have shifted from development of the North to development of the South. In the past, the World Bank mainly focused on providing loans and aid to developed countries, but since the 1970s, it has increasingly shifted its focus to developing and emerging economies in the Global South. This shift reflects a growing recognition of the importance of supporting development in low- and middle-income countries to reduce poverty, promote economic growth, and address global challenges such as climate change and pandemics.

The World Bank's Priorities