The World Bank was established with the objective of providing financing to countries facing debt crisis and provides bailouts to countries that are likely to default on their debt obligations.

Question

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The World Bank was established in 1944 with the primary objective of providing financial and technical assistance to developing countries for development programs (e.g., infrastructure, health, education) that are expected to improve the economic prospects and quality of life for people in those countries. Its focus is not specifically on providing bailouts to countries facing debt crises or likely to default on their debt obligations; that role is more closely associated with the International Monetary Fund (IMF).

The World Bank Was Established with the Objective of Providing