What is the World Bank?
The World Bank is an international financial institution that provides loans to countries around the world to help them develop their economies. The Bank, which was founded in 1944, is part of the United Nations and its members are 184 different countries. The World Bank seeks to reduce poverty and improve living standards of people around the world. The Bank provides a variety of services. It makes loans to governments to finance projects that promote economic growth, such as improving infrastructure, access to clean water, and health care services. It also provides direct grants and technical assistance to help countries find innovative solutions to their development challenges. Additionally, the Bank offers advice to countries on how to manage their economies and resources. The Bank is also concerned with international law. It works to ensure countries comply with international agreements and regulations that protect the environment, labor, and human rights. It also helps countries strengthen their legal systems and improve their governance. This is important to promote economic growth and protect the population. The World Bank is a major player in international development, and its services are essential to helping countries in Oregon and around the world achieve economic and social progress.
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