Question

One of the major objectives of the world bank is to

O provide financial backing for the united nations.
O maximize its profits for its worldwide shareholders.
O provide technical assistance to dvcs.
O maintain stable exchange rates in iacs and dvcs.

Answer 1

The World Bank's primary objective is to support economic development and provide technical assistance to developing countries via loans and specialized advice on economic growth and sustainable development.

Step-by-step explanation:

One of the major objectives of the World Bank is to provide technical assistance to developing countries (DCs). Founded during World War II, the principal mission of the World Bank has been to raise funds on world financial markets with the goal of offering loans to less developed countries for economic development. The World Bank also collaborates with other organizations, like the United Nations and the International Monetary Fund (IMF), to foster economic growth globally. It provides advisory services to DCs on how to effectively build their economies. Through its evolution, it has placed a significant emphasis on community-driven development, environmental sustainability, and poverty reduction.

In contrast, the International Monetary Fund focuses on global financial stability through providing members facing economic crises with monetary resources and policy advice. While the World Bank has assisted in global educational needs, infrastructure development, and agricultural improvement, the IMF's loan conditionality often targets macroeconomic reform.