This organization is part of the United Nations and provides funds and advice to developing nations to help eliminate poverty. A) The World Bank B) The European Union C) The East Asian Summit D) The International Monetary Fund

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02-05-2018
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This organization is part of the United Nations and provides funds and advice to developing nations to help eliminate poverty. A) The World Bank B) The European Union C) The East Asian Summit D) The International Monetary Fund

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MrZieleniewo MrZieleniewo · Answer 1 · 2018-05-05T15:03:56+02:00

A) The World Bank

The International Bank for Reconstruction and Development (IBRD) is the largest institution in what is officially known as the World Bank Group. The IBRD was established by an international conference that met at Bretton Woods, New Hampshire, in 1944. The IBRD remains the largest of five development bank institutions that make up the World Bank Group. An agreement between the World Bank and the United Nations was made in 1947 that classifies the World Bank as a specialized agency of the UN, while recognizing it also as an independent international organization.
According to the World Bank Group's own information, the World Bank's mission is " to reduce poverty and support development" by providing "low-interest loans, zero to low-interest credits, and grants to developing countries."