Explain the functions of World Bank.

1. Functions of World Bank : World bank is entrusted with the task of economic growth and widening the scope of international trade.

2. It has placed more emphasis on developing infrastructure facilities like energy, transportation and others.

3. The World Bank has decided to divert resources to bring about industrial and agricultural development in developing and underdeveloped countries. Assistance is extended to different countires for raising cash crops so that there incomes rise and they may export the same for earning foreign exchange.

4. The bank has also been providing resources for education, sanitation, health care and small scale enterprises.

5. It also helps in solving certain basic problems like, removal of rural poverty, through raising productivity, increasing income of rural poor, providing technical support etc.