Question

What does the World Bank do with its funds?

Answer 1

Answer:

The correct answers are:

a) Gives interest-free loans to struggling nations

b) Provides technical assistance to war- damaged countries

Explanation:

The World Bank was founded in 1944 and is today based in the city of Washington D.C. The organisation was conceived by the end of the second World War when it was evident how many European countries, destroyed by war, would need financial assistance.

While many countries were present, the US and Great Britain helped to develop a strategy and an structure that would ensure continued support for countries in need long.

More than 70 years on, the World Bank has supported numerous countries in Africa, Asia and even Eastern Europe.

Answer 2

Answer:

ia is AB

Explanation:

Because the passasge explains it

June 25, 2004, marked the 58th anniversary of the World Bank, which opened its doors in Washington, DC, in 1946. The International Bank for Reconstruction and Development, as it was initially called, was created at the Bretton Woods Conference in July 1944, along with its sister institution, the International Monetary Fund. At the outset, the bank’s dual roles were reconstruction and development, as implied by its original name. Its primary function was to reconstruct Europe after World War II. However, unlike other specialized United Nations (UN) agencies the bank raised funds through private financial markets and received donations on a regular basis from the world’s wealthiest countries.((((((((((((((((((( With these funds, it provided interest-bearing and interest-free loans, credits, grants, and technical assistance to war-damaged and economically developing countries that could not afford to borrow money in international markets.))))))))))))))))))))))))) These activities are ongoing, making the bank the “world’s premier economic multilateral” institution.