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.
(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.