Question

Which of the following is an international cooperative of 188 member countries that aims at reducing poverty in the developing world?

1) World Bank
2) United Nations
3) International Monetary Fund
4) World Trade Organization

Answer 1

The World Bank is the international cooperative focused on reducing poverty in the developing world by offering loans and expertise to help build their economies.

Step-by-step explanation:

The international cooperative of 188 member countries that aims at reducing poverty in the developing world is the World Bank. Established during World War II in 1944, the World Bank's primary mission is to acquire funds from international financial markets to provide loans to less developed countries (LDCs). Furthermore, it collaborates with other entities to foster economic development globally and advises LDCs on building their economies efficiently.

The World Bank, along with institutions like the International Monetary Fund (IMF) and the United Nations Development Program (UNDP), plays a significant role in public international efforts to support economic growth and tackle poverty. While the IMF handles issues related to international financial transactions, the UNDP specifically dedicates a vast majority of its grant funding to eradicating poverty in the world's poorest nations.