What is the primary purpose of the World Bank?

The primary purpose of the World Bank is to provide loans and expertise to support economic development in developing countries. Since its inception, the World Bank has focused on reducing poverty and promoting sustainable development. It achieves this through financial assistance for a variety of projects aimed at improving infrastructure, health, education, and economic stability.

The organization not only offers funding but also provides technical expertise and policy advice, which are crucial for implementing effective development strategies. By investing in projects that enhance the economies of member countries, the World Bank aims to create a more stable and prosperous global environment. This aligns closely with its mission of alleviating poverty and fostering sustainable growth across nations.