Question

The World Bank was established in 1944 to ________.A) provide ease of banking for multinational corporationsB) fund economic development such as dams and irrigation projects in the poorest countriesC) fund international projects for developed nations, including dams on international rivers, multinational irrigation projects, and the spraying of herbicides and insecticidesD) fund international environmental studies of issues such as pollution and global warmingE) help weak governments by loaning money to heads of state for military infrastructure

Answer 1

Answer:

B) fund economic development such as dams and irrigation projects in the poorest countries

Explanation:

The main purpose of establishing world bank is to provide loans and grants to government of poorer countries in the world for purpose of achieving capital projects for development. Also to give technical support to countries in need of them.

Option B, seems to be the most suitable answer giving that it has that phrase poorest countries, and that is the main purpose of the International Bank for Reconstruction and Development (IBRD).

Answer 2

Answer: b) fund economic development such as dams and irrigation projects in the poorest countries

Explanation: The World Bank is an international financial institution with its headquarters in Washington DC, USA. It provides funds to the governments of poorer countries inorder to meet up with capital projects. Such capital projects may include; dams and irrigation projects.