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The main function of the World Bank Group is the provision of low interest loans, credit that is interest free as well as aids to the least developed countries for the development in the field of education health and infrastructure.

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15y ago
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13y ago

The main purpose of the formation of the World Bank was to reduce poverty across the globe. The bank grants loans to developing countries. It was created in the year 1944 in the Bretton Woods Conference. It comprises of two institutions:

a. International Bank for Reconstruction and Development

b. International Development Association

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Q: What is the world trade bank?
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What is a major difference between the World Trade Organization (WTO) and the World Bank?

Answer this question… The World Bank works to help developing countries, while the WTO promotes global trade more generally.


What is a major difference between the World Trade Organization (WTO) and the World Bank?

Answer this question… The World Bank works to help developing countries, while the WTO promotes global trade more generally.


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