International Economic Organisations — Economics STD 12 — Question
Tamilnadu BoardEnglish MediumSTD 12EconomicsInternational Economic Organisations3 Marks
Question
Write the objectives of World Bank?
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Answer
The following are the objectives of the World Bank:
To help member countries for economic reconstruction and development.
To stimulate long-run capital investment for restoring Balance of Payments (BoP) equilibrium and thereby ensure balanced development of international trade among the member nations.
To provide guarantees for loans meant for infrastructural and industrial projects of member nations.
To help war ravaged economies transform into peace economies.
To supplement foreign private investment by direct loans out of its own funds for productive purposes.
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