The World Bank annually loans approximately $70 billion to poor and developing nations, which can use the money for health, nutrition, and education.

Question

Quizplus · Accepted Answer

The World Bank's lending program includes loans, credits, and grants, but as of 2019, the World Bank's total commitments in loans, credits, and grants for the year amounted to $52.6 billion. However, the World Bank's funding can be used for a variety of purposes, including health, nutrition, education, infrastructure, and more, depending on the specific needs and priorities of the recipient countries.

The World Bank Annually Loans Approximately $70 Billion to Poor