The loans from the World Bank to developing countries are mainly to support?

Assessment: JAMB UTME - Economics - 2001 Subject: Economics

Question 1 Report

The loans from the World Bank to developing countries are mainly to support?
Answer Details
The loans from the World Bank to developing countries are mainly to support infrastructural investments. This means that the World Bank loans are geared towards supporting the development of basic infrastructure such as transportation, water supply, power supply, telecommunications, and other public utilities. The main objective of these investments is to help the developing countries build a strong foundation for economic growth and development, which will eventually lead to poverty reduction and better living conditions for the citizens. Infrastructural investments are also key in promoting economic activities and increasing productivity in the developing countries, which can help to attract foreign investments and create more job opportunities.

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