Which statement correctly explains World Bank?
- A. The international organization founded in 1945 to promote peace, security, and cooperation among countries
- B. The international financial institution that provides loans and grants to developing countries for development projects ✓
- C. The United Nations agency dedicated to providing humanitarian aid to children
- D. The international organization that regulates and facilitates international trade between nations
Correct answer
B. The international financial institution that provides loans and grants to developing countries for development projects
Explanation
'World Bank' refers to the international financial institution that provides loans and grants to developing countries for development projects.