Mention the functions of the World Bank.
The main functions of the World Bank are:
1. The role of the World Bank as a facilitator of economic reconstruction and development in the post-World War II situation is undeniable. The World Bank has played a significant role in the development of the country by providing various assistance, especially in the field of productivity.
2. The World Bank encourages foreign currency investment.
3. The World Bank provides financial and technical assistance to developing countries in development projects.
4. The World Bank acts as a guarantor of foreign investment in economically backward countries.
5. The World Bank provides long-term loans to implement the country’s economic plans.
6. The World Bank has been doing development work for the welfare of the whole world by promoting international trade.
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