What are the Objectives of the World Bank?

ADVERTISEMENTS:

The objectives of the World Bank are as follows:

(i) To assist in the reconstruction and development of less developed countries by facilitat­ing investment for productive purposes;

(ii) To promote private foreign investment by means of guarantees or participation in loans and investments made by private investors.

ADVERTISEMENTS:

(iii) To promote long-term balanced growth of international trade by assisting in raising pro­ductivity, the standard of living and improving conditions of labour in the member countries;

(iv) To maintain equilibrium in balance of payments in member countries.

(v) To assist in bringing about a smooth transition .from, a maritime to a peace time economy.

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