The World Bank provides loans and grants to developing countries to support economic growth and reduce poverty.
The World Bank is an international organization that provides loans and grants to developing countries to promote economic growth and reduce poverty. It borrows money from international capital markets and member countries to fund projects like infrastructure, education, and health that may not be profitable for the private sector.
The World Bank's mission, established in 1944, is to lend money at below-market interest rates and offer expert advice on economic policies. While it aims to support development, there has been criticism of some loan conditions and the issue of indebtedness in developing nations due to the loans.
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