Task 0 Effects of Globalization on national economies by pestle approach 2

2.1.1 WORLD BANK

The World Bank is an international financial institution that provides loans and grants to governments of low- and middle-income countries for the purpose of pursuing capital projects. . The role of the World Bank is to combat failure in the international market and end poverty. Another function of the World Bank is to promote environmental sustainability and green growth It is comprised of two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank is a component of the World Bank Group.