Which one of the following international organizations provides financ

Which one of the following international organizations provides financial assistance and technical expertise to developing countries, including India, to support various developmental projects?

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The World Trade Organization

The World Bank

The International Monetary Fund

The Asian Development Bank

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UPSC Combined Section Officer – 2019-20

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The World Bank is an international organization that provides financial assistance and technical expertise to developing countries, including India, to support various developmental projects.

The World Bank Group is a family of five international organizations that make leveraged loans to developing countries. The two most prominent components are the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank’s primary focus is poverty reduction and promoting shared prosperity by providing financial support, policy advice, and technical assistance for development projects in areas like infrastructure, education, health, and environmental sustainability.

While the IMF focuses on macroeconomic stability and balance of payments issues, and the WTO deals with global trade rules, the World Bank is specifically geared towards long-term economic development through project finance and technical expertise. The Asian Development Bank (ADB) serves a similar function but is focused on the Asian region. Among the given options covering global reach, the World Bank is the most appropriate answer for providing general financial and technical assistance for developmental projects to developing countries like India.

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