Question

Which organization, established in 1946, primarily serves to loan funds to underdeveloped and developing nations, where the funds are used to finance projects ranging from road and factory construction to the building of medical and educational facilities

Answer 1

International bank for reconstruction and development was formed

primarily serves to loan funds to underdeveloped and developing

nations.

What is a Loan?

Loan involves lending money to an individual or organization. This is also

referred to a form of debt accrued through this process.

Developed nations established International bank for reconstruction and

development in 1946 to loan funds to underdeveloped and developing

nation. The funds are used to finance projects ranging from road and

factory construction to the building of medical and educational facilities.

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