Some of the most important objectives of World Bank are given below:
1) To promote long-term foreign investment on reasonable terms
2) To provides financial assistance
to
the poorest developing countries whose per capita GNP is less than $865 a year
3) To encourages private enterprises in developing countries through its affiliates
4) To assist in reconstruction and development of members by facilitating capital
investment
5) To
promote foreign
investment
by guaranteeing loans
provided
by other
organizations
6) Encouraging industrial development of underdeveloped countries by promoting
economic reforms
The major roles of World Bank to promote the economic developments in member countries:
The Bank is currently involved in more
than
1,800
projects in developing country.
Currently providing microcredit in Bosnia &
Herzegovina, raising AIDS-prevention awareness in Guinea, supporting education of girls in Bangladesh, improving
health care
delivery in Mexico, rebuild Gujarat of India after a devastating
earthquake.
The Roles of members of WB:
IDA: Provides interest-free loans to countries with sovereign guarantees.
IFC: Provides loans, equity, risk-management tools, and structured finance. Its
goal is to facilitate sustainable development by improving investments in the private sector.
MIGA: Focuses on improving the FDI of developing countries.
ICSID: Enhancing capital flow to dispute resolution between governments and private investors.