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Ever wondered where does all the money come from to operate the World Bank and how the funds are used to achieve the mission of the Bank. Read on to know more about the operation of the World Bank. Well, one of important aspects about the World Bank is the fact that it is a combination of two associated entities, namely The International Bank for Reconstruction and Development (IBRD) and The International Development Association (IDA), which provide low or no interest loans and grants to the countries that have little or no access to the international credit markets. Another characteristic feature of the World Bank is that the Bank is not a Bank in true sense of the term. Unlike other financial institutions that operate financially, the operations of the World Bank never aim to earn profit.
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