Which of the following statements is true about the World Bank?

Which of the following statements is true about the World Bank?

• A. It focuses solely on developed countries
• B. It aims to reduce poverty and promote growth
• C. It operates without any international partnerships
• D. It primarily engages in military funding

Answer: (B)

The World Bank's primary mission is to reduce poverty and promote sustainable economic growth. Established in 1944, it funds various development projects in low- and middle-income countries with the goal of improving living standards and fostering economic stability. This includes investments in infrastructure, health, education, and more, aimed at lifting people out of poverty. The other options do not accurately reflect the World Bank’s goals or operations. The assertion that it focuses solely on developed countries is incorrect, as its main target is developing nations. Suggesting that it operates without any international partnerships ignores the cooperative nature of the institution, which works alongside other entities, including governments and non-governmental organizations, to achieve its objectives. Lastly, the idea that it primarily engages in military funding misrepresents the institution’s focus on economic development rather than military endeavors.

The World Bank's primary mission is to reduce poverty and promote sustainable economic growth. Established in 1944, it funds various development projects in low- and middle-income countries with the goal of improving living standards and fostering economic stability. This includes investments in infrastructure, health, education, and more, aimed at lifting people out of poverty.

The other options do not accurately reflect the World Bank’s goals or operations. The assertion that it focuses solely on developed countries is incorrect, as its main target is developing nations. Suggesting that it operates without any international partnerships ignores the cooperative nature of the institution, which works alongside other entities, including governments and non-governmental organizations, to achieve its objectives. Lastly, the idea that it primarily engages in military funding misrepresents the institution’s focus on economic development rather than military endeavors.