What is the role of the World Bank in international trade?

The World Bank plays a major role in international trade. It provides financial and technical assistance to developing countries in the areas of trade and investment policies, including intellectual property rights protection. The World Bank supports trade liberalization, capacity building, and better access to foreign markets for developing countries. It also helps countries to identify and address trade-related constraints, develop trade-supporting infrastructure and regional integration, and strengthen regional and global value chains. The World Bank assists governments by providing a platform for dialogue and consensus building between countries and private sector stakeholders, and by creating an enabling environment for increased private sector investment. It helps governments to implement reforms, create a stronger investment climate, and reduce the cost of participating in global markets. Furthermore, the World Bank offers technical assistance and advice to countries to design and implement trade-related policies and programs. The Bank also works with other international organizations, such as the World Trade Organization (WTO), to create a global framework for trade policies and to ensure a level playing field among countries. Additionally, it works closely with governments, business and civil society to increase global trade and investment opportunities and to develop a better understanding of the importance of international trade. This information is used to identify areas that need further action and to formulate policy recommendations to help countries take advantage of the benefits of international trade.

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What is the role of the World Bank in international trade?

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