World Bank plays a major role of providing loans for development projects to member countries, especially to underdeveloped countries. The World Bank offers long-term loans for various development projects ranging from 5 to 20 years duration.
The main functions of world bank can be summed up in the following points:
a) World Bank provide technical support and services to member countries. For this reason, the Bank has established "the Economic Development Institute" and a staff college in Washington.
b) Bank lend loans to member countries upto 20% of it's share in paid-up capital.
c) The World Bank determines the amount of loan to grant, interest rate and terms and conditions.
d) World Bank can grant loans for a given project which has duly been submitted to the Bank by a member country.
e) Bank also issues loan to private investors from member countries on its own guarantee. For this loan private investors have to seek prior authorization from those countries where to collect the amount.
? Providing finances to reduce budgetary deficits
? Provide loans for development projects.
? Provide finance to correct and adverse balance of payments.
? Provide technical expertise to support developmen
Kiiti answered the question on November 11, 2017 at 19:10
-
Imagine you have collected your form four national examinations results, you have passed very well. Write a thank you note to your class teacher
(Solved)
Imagine you have collected your form four national examinations results, you have passed very well. Write a thank you note to your class teacher
Date posted:
November 9, 2017
.
Answers (1)
-
Explain five reasons why the insured may not be compensated despite suffering a loss
(Solved)
Explain five reasons why the insured may not be compensated despite suffering a loss
Date posted:
November 9, 2017
.
Answers (1)
-
Highlights five benefits of sending letters and parcels by courier services
(Solved)
Highlights five benefits of sending letters and parcels by courier services
Date posted:
November 9, 2017
.
Answers (1)
-
Explain five reasons why Kenya may restrict trade with other countries
(Solved)
Explain five reasons why Kenya may restrict trade with other countries
Date posted:
November 9, 2017
.
Answers (1)
-
Explain six monetary policies that the government can use to curb inflation
(Solved)
Explain six monetary policies that the government can use to curb inflation
Date posted:
November 9, 2017
.
Answers (1)
-
Outline four dangers of comparing living standards in different countries using national income statistics.
(Solved)
Outline four dangers of comparing living standards in different countries using national income statistics.
Date posted:
November 9, 2017
.
Answers (1)
-
Outline four advantages of using e-mail in communication
(Solved)
Outline four advantages of using e-mail in communication
Date posted:
November 9, 2017
.
Answers (1)
-
Give four factors that one should consider when choosing a means of transport
(Solved)
Give four factors that one should consider when choosing a means of transport
Date posted:
November 9, 2017
.
Answers (1)
-
State four factors that determine the choice of human wants to be satisfied
(Solved)
State four factors that determine the choice of human wants to be satisfied
Date posted:
November 9, 2017
.
Answers (1)
-
Explain the factors that influence land rents
(Solved)
Explain the factors that influence land rents
Date posted:
November 9, 2017
.
Answers (1)
-
Third world countries are not developing because they are busy copy pasting countries ahead of them. What do you think should be done in third world...
(Solved)
Third world countries are not developing because they are busy copy pasting countries ahead of them. What do you think should be done in third world countries for them to develop?
Date posted:
November 9, 2017
.
Answers (1)
-
Describe problems related to technologies in trade and industry
(Solved)
Describe problems related to technologies in trade and industry
Date posted:
November 6, 2017
.
Answers (1)
-
As Kenya’s economy strives to do well, most Kenyans are bound to live beyond 70 years. Outline four negative effects of an ageing population...
(Solved)
As Kenya’s economy strives to do well, most Kenyans are bound to live beyond 70 years. Outline four negative effects of an ageing population to Kenya’s economy.
Date posted:
November 6, 2017
.
Answers (1)
-
Outline four circumstances under which a bill of exchange may be preferred as means of payment.
(Solved)
Outline four circumstances under which a bill of exchange may be preferred as means of payment.
Date posted:
November 6, 2017
.
Answers (1)
-
Outline four benefits of a self-service shop to a customer
(Solved)
Outline four benefits of a self-service shop to a customer.
Date posted:
November 6, 2017
.
Answers (1)
-
Highlight four reasons why the Kenya government has decided to control the exploitation of her natural resources.
(Solved)
Highlight four reasons why the Kenya government has decided to control the exploitation of her natural resources.
Date posted:
November 6, 2017
.
Answers (1)
-
Factors that influence location of business enterprise
(Solved)
Factors that influence location of business enterprise
Date posted:
November 3, 2017
.
Answers (1)
-
Problems facing Saccos and their solutions
(Solved)
Problems facing Saccos and their solutions
Date posted:
November 2, 2017
.
Answers (1)
-
Draw a diagram illustrating monopoly market forces
(Solved)
Draw a diagram illustrating monopoly market forces
Date posted:
November 2, 2017
.
Answers (1)
-
Give the advantages and disadvantages of Cooperative Societies in Kenya
(Solved)
Give the advantages and disadvantages of Cooperative Societies in Kenya
Date posted:
November 2, 2017
.
Answers (1)