What is the World Bank?

The video explains the role of the World Bank in providing loans to developing countries to promote economic development. It compares the World Bank's mission to that of the International Monetary Fund, highlighting its focus on financing specific projects with developmental impacts. The World Bank is part of the World Bank Group, affiliated with the United Nations, and works with international organizations to fund these projects. The video also discusses the evaluation process for proposed projects and the conditions that may be attached to funding, which can influence international law and policy.

What is the primary mission of the World Bank?

• To enforce international law

• To provide loans for economic development

• To regulate international trade

• To control global financial markets

How does the World Bank differ from the International Monetary Fund?

• It enforces international trade agreements

• It provides loans for specific developmental projects

• It focuses on regulating currency exchange rates

• It manages global financial crises

Which organization is the World Bank affiliated with?

• European Union

• North Atlantic Treaty Organization

• United Nations

• World Trade Organization

What is a key factor the World Bank considers when funding projects?

• The project's compliance with environmental standards

• The project's potential for economic and developmental impact

• The project's alignment with international trade laws

• The project's ability to generate immediate profits

How can World Bank funding conditions affect international relations?

• By influencing international law and policy

• By determining global trade tariffs

• By setting international environmental standards

• By altering global currency exchange rates