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But as soon as possible, and with increasing emphasis as time goes on, there is a second primary duty laid upon it, namely to develop the resources and productive capacity of the world, with special reference to the less developed countries.”[4]
The primary duty of the World Bank is to provide multilateral aid to the poorest nations
in the world. The Bank secures almost all of its money using global financial markets through issuing bonds to raise money, thus enabling the Bank to pass on low-interest rates to its borrowers.[5] These loans are given with little or no interest rates, repayment periods of up to 15 to 20 years, and three to five year grace periods...
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