No. Poverty Reduction is not the main objective of any commercial or international bank in the world. Organizations like the Asian Development Bank or the World Bank may have such objectives but they aren't regular banks from a real life perspective. These banks don't offer banking services to individuals and hence cant be considered regular banks.
Normal banks offer banking services like bank accounts, credit cards, loans etc. the main objective of such banks almost always is - Make a good profit.
the World Bank is an international financial institution that provides loans to developing countries. its official goal is the reduction of poverty. the believe is therefore that with the loan from the World Bank, these countries can effectively take part in international trade (pay for imports of good and or services) thereby developing their economy and hence poverty reduction which is the aim of the World Bank.
IBRD i.e. International Bank for Reconstruction and Development.
The term "World Bank" refers only to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The term "World Bank Group" incorporates five closely associated entities that work collaboratively toward poverty reduction the World Bank (IBRD and IDA), and three other agencies, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). To learn more about each institutions' role, visit the World Bank Group website
Both fight poverty in developing nations.
a world bank is a money center bank meaning the bank is in the leage of the top 50 banks in the world and dominates the clearing and execution of money and credit transfers. Not to be confused with the WORLD BANK. The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank's official goal is the reduction of poverty. See related links for more info.
The World Bank is important because it provides financial and technical assistance to developing countries to reduce poverty and promote sustainable development. It helps countries improve their infrastructure, healthcare, education, and governance systems. The World Bank also conducts research and shares knowledge to help countries implement effective policies and reforms.
To promote economic development. ~apex
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
Q:describe the function of the international bank ?
To help poor countries
Bank of Baroda is India's International bank
India's International Bank.