Why was the World Bank set up? A. To preserve peace through internati

QUESTION

Why was the World Bank set up?

A. To preserve peace through international cooperation

B. To promote economic development

C. To maintain order in the international monetary system

D. To formulate a coordinated policy response to financial crises

E. To police the world trading system

ANSWER

B
The World Bank was created in 1944 to promote economic development. It has focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments (such as building dams or roads).