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

The World Bank is a global financial institution that plays an important role in international trade and development. In Georgia, the World Bank is responsible for providing financial and technical support to help countries facilitate and promote trade activities. The World Bank works to foster economic growth and development through the facilitation of increased international trade. For instance, it provides loans and grants to help countries finance projects that increase their trade competitiveness. This includes projects such as building infrastructure, setting up trade-related institutions, and providing trade-related training. The World Bank also provides guidance and advice, both directly and through its partner organizations, to help governments identify and take advantage of trade opportunities. This guidance includes providing information on markets, economic policies, and best practices to make sure that goods and services can move freely around the world. In addition, the World Bank offers technical assistance to countries that are looking to improve their legal, regulatory, and business environment in the area of international trade. The World Bank provides advice on the negotiation and drafting of trade agreements, and it helps to develop international standards in the area of trade. Overall, the World Bank plays an important role in international trade by providing financial and technical assistance to countries, helping them benefit from global markets, and offering them guidance and advice in the field of international trade law.

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

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