World Bank roles
Describe the roles of the World Bank (WB), International Monetary Fund (IMF), and World Trade Organi
Describe the roles of the World Bank (WB), International Monetary Fund (IMF), and World Trade Organization (WTO) in the acceleration of globalization.
……………………..Answer preview……………………….The World Bank organization was founded after World War II. Its aim was to transfer investments capital from rich countries to poor countries. It was created as a funding cooperative with the capital backing of the US and other economically stable nations. These countries request funds from the global capital market and could lend to poor countries. It is also referred to as the International Bank for Reconstruction and Development or also International Development Association (Solanki, 2012)…………………………….
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