World Bank performs the following functions:
1. Granting reconstruction loans to war devastated countries.
2. Granting developmental loans to underdeveloped countries.
3. Providing loans to governments for
agriculture, irrigation, power, transport, water supply, educations, health, etc
4. Providing loans to private concerns for specified projects.
5. Promoting foreign
investment
by guaranteeing loans provided by
other organizations.
6. Providing technical, economic and monetary advice to member countries for specific projects
7. Encouraging industrial development of underdeveloped countries by promoting economic reforms.