International bank for reconstruction and development or the world bank and its functions
Answer Text: International Bank For Reconstruction and Development (World Bank)The World Bank was formed to carry out the following functions;-Giving loans to countries at very low interest rates to finance economic development activities.-Provision of grants to finance the provision of social amenities and basicinfrastructural development in developing countries.-Fighting against corruption and poor governance which may lead to -misuse of public funds in different countries.-Advancing money to countries to finance balance of payment deficit.-Giving advice on economic challenges that countries may face.-Availing technical assistance and personnel to help countries run their economic programmes
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