Theory question 112
International Economic OrganisationsSection B (answer four questions only from this section)
How can the International Bank for Reconstruction and Development (World Bank) contribute to the economic development of your country?
Show the model answer
Model answer
By granting long-term loans at low interest for development projects (roads, power, water).
By financing infrastructure and agricultural or industrial projects.
By giving technical assistance and expert advice on development planning.
By training local personnel and experts.
By carrying out or funding feasibility studies for projects.
By guaranteeing loans from private lenders to the country.
By encouraging private foreign investment.
By supporting education, health and poverty-reduction programmes.
Explanation
Link each World Bank function to development in the country.