The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. It plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards. It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes. According to the excerpt, what is the organization’s primary purpose?
a) to serve as a banking institution for countries that do not have banking systems
b) to provide loans directly to people living in poverty
c) to reduce global poverty and improve the standard of living
d) in developing countries to provide technical assistance to developed countries
