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Questions and Answers
What is one of the main functions of the World Bank?
What original purpose did the World Bank serve after World War II?
Help rebuild Europe and Japan
Which of the following is NOT one of the Millennium Development Goals?
The World Trade Organization (WTO) regulates global trade between nations.
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The World Bank's primary objective is to reduce ______.
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What initiative focuses on leveraging technology to revolutionize global trade?
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Match the following World Bank programs with their descriptions:
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What is one objective of the WTO?
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Study Notes
World Bank
- Provides low-interest loans and grants to developing countries.
- Largest source of funding and knowledge for developing countries.
- Aims to reduce poverty and enhance economic development globally.
- Supports projects in education, health, public administration, infrastructure, and environment.
- Encourages private foreign investment.
World Bank Objectives
- Eradicate extreme poverty and hunger.
- Achieve universal primary education.
- Promote gender equality and empower women.
- Reduce child mortality.
- Improve maternal health.
- Combat HIV/AIDS, malaria, and other diseases.
- Ensure environmental sustainability.
- Develop a global partnership for development.
World Bank Programs/Projects
- Conditional Cash Transfer (CCT): Provides cash allowance to impoverished families in exchange for health check-ups and school enrollment for children. Examples include TASAF III in Tanzania and Pantawid Pamilyang Pilipino Program in the Philippines.
World Trade Organization (WTO)
- Regulates global trade between nations, ensuring smooth and predictable flows.
- Administers trade agreements, facilitates negotiations, settles disputes, monitors policies, and provides technical assistance.
WTO Objectives
- Promote free and fair trade.
- Ensure non-discrimination.
- Increase global economic welfare.
- Promote economic development.
- Ensure predictability and stability in trade relations.
- Encourage fair competition.
- Support sustainable development.
WTO Programs/Projects
- Trade Agreements: Focuses on commitments to environmental protection, health, and food security. Includes a partial waiver of intellectual property rights for COVID-19 vaccines.
- TradeTech Initiative: Aims to leverage technology to enhance global trade and ensure efficient goods exchange.
- Investment Facilitation for Development: Creates a more favorable environment for investment in developing countries.
- Inclusive Development: Trade facilitation projects promoting investment returns and savings in various countries.
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Description
Explore the significant role of the World Bank in providing financial and technical assistance to developing countries. This quiz covers its objectives such as poverty eradication, education promotion, and health improvements. Test your knowledge of World Bank programs and projects aimed at fostering global development.
