Asked by Malaisha Easter on Jun 26, 2024
Verified
The World Bank is an international agency that lends money to individual countries for projects that promote economic development.
World Bank
A global economic institution that facilitates the growth of less developed nations by providing their governments with loans and grants for large-scale infrastructure projects.
Economic Development
The process by which the economic well-being and quality of life of a nation, region, or local community are improved.
- Comprehend the importance of safeguarding intellectual property rights and the influence of global organizations such as the World Bank on development.
Verified Answer
NV
Natasha VillacrucisJul 01, 2024
Final Answer :
True
Explanation :
The World Bank is indeed an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects that aim to improve economic development and reduce poverty.
Learning Objectives
- Comprehend the importance of safeguarding intellectual property rights and the influence of global organizations such as the World Bank on development.
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