What is the World Bank?

The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank is headquartered in Washington, D.C. and is made up of 189 member countries, including North Carolina. The World Bank was created at the end of World War II as part of the Bretton Woods Agreement to provide a mechanism for financing the reconstruction and development of the world’s economies. The mission of the World Bank is to reduce poverty and improve living standards for people in the developing world. The World Bank provides loans, grants, technical assistance, and other resources to developing countries for a wide range of projects and activities. These include infrastructure, health, education, agriculture, and financial sector projects. The World Bank also works to promote free trade, economic growth, and development. The World Bank also works to ensure that its financial and technical assistance is used to fuel development and promote international trade and works to make sure that all members have access to the same trading opportunities. The World Bank also has established and monitors international trade law in North Carolina and other countries. Through enforcements of these laws, the World Bank helps countries in the region to promote fair trade and protect their citizens’ rights.

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What is the World Bank?

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