The World Bank, later known as the International Bank for Reconstruction and Development, was established in 1944 and has since grown to include five other closely related development organizations.
Initially, its loans assisted in the reconstruction of nations decimated by World War II.
Thus, Option B is correct.
187 nations control the World Bank, an agency for global development. Its job is to fight poverty by giving loans to the governments of its less wealthy members to help them develop their economies and raise the living standards of their citizens.
The Bank is also one of the biggest development research institutions in the world. It has specialist divisions that utilize this information to provide advice to other nations on issues pertaining to the environment, justice, finance, health, education, and nutrition.
The World Bank Institute, a different division of the Bank, uses regional research and educational facilities to provide training to government and other officials around the world.
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