What is the World Bank?
Q: What is the World Bank?
A: The World Bank is an international bank that provides financial assistance and other support for developing countries' infrastructure.
Q: What is the World Bank's primary goal?
A: The World Bank's primary goal is to reduce poverty.
Q: What institutions make up the World Bank?
A: The World Bank is made up of two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Q: How many institutions are in the World Bank Group?
A: There are five institutions in the World Bank Group: two of them are the IBRD and IDA, while the other three are the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).
Q: What kind of help does the World Bank provide to developing nations?
A: The World Bank provides financial assistance and other support for developing countries' infrastructure.
Q: What is the role of the International Finance Corporation (IFC) in the World Bank Group?
A: The International Finance Corporation (IFC) is part of the World Bank Group and focuses on providing financing to private sector businesses in developing countries.
Q: What is the Multilateral Investment Guarantee Agency (MIGA) in the World Bank Group?
A: The Multilateral Investment Guarantee Agency (MIGA) is part of the World Bank Group and provides guarantees to investors in developing countries against damages related to political risks, such as war or expropriation.
