answersLogoWhite

0

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.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Explain the role played by the export-import bank in international trade?

role played in international trade by the export-import banks


What are some compelling international trade paper topics that are currently trending in the academic world?

Some compelling international trade paper topics trending in the academic world include the impact of trade wars on global economies, the role of technology in shaping international trade patterns, the effects of trade agreements on developing countries, and the sustainability of global supply chains.


What is the difference between world bank and world bank group?

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


What is the role of profit in international trade?

wha are the roles of profits in internationl trade


What international economic agreements or organizations did the us sponser after ww2?

After World War II, the United States sponsored several key international economic agreements and organizations, including the Bretton Woods Conference, which led to the establishment of the International Monetary Fund (IMF) and the World Bank. Additionally, the U.S. played a crucial role in the creation of the General Agreement on Tariffs and Trade (GATT), which aimed to promote international trade by reducing tariffs and other trade barriers. These initiatives were instrumental in shaping the post-war global economic order and fostering international cooperation.


The role of world bank in the economic development of Pakistan?

role of world bank in economic development of pakistan


role of geography on trade?

Where to trade to in the world.


Why was The World Trade Center so important to so many countries?

Practically speaking, the World Trade Center was the office suite where international corporations ran American business. Symbolically speaking, the World Trade Center represented America's role as the center of global trade and economics.


What nation has greatly increased its role in international trade in recent years?

China


Role of banks in international trade?

International banks play a very important role in international trade. Banks make the transfer of money possible between international trading partners.


How important is international trade?

International trade plays a crucial role in the development of the world economy. The participation of different countries in international trade helps to intensify production and deepen its specialisation. The use of equipment increases, mass production is organised, new machinery and modern technology are introduced, and exports increase if there is a demand on the market. In turn, the expansion of exports leads to an increase in employment.


What role does micro finance play in international trade?

there help the poor and to eradicate poverty