Q.What do you mean by World Bank ?

The World Bank is an international institution (IBRD, established 1944, HQ Washington D.C.) that gives long-term development loans and technical help to member countries.

The World Bank is one of the key facilitators of international business in the TN HSC Class-11 Commerce syllabus. It was established in 1944 at the Bretton Woods Conference, along with the International Monetary Fund, and its headquarters are at Washington D.C.

Key points:

• Its full/original name is the International Bank for Reconstruction and Development (IBRD). It began by helping European nations rebuild after the Second World War, and later shifted its focus to the development of poorer and developing countries.
• It provides long-term loans for productive projects such as roads, power, irrigation, education and health, along with technical assistance and advice. …