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What is World bank gives loans for: and explain in detail?
(For economic growth) (821- Park 20th)WORLD-BANK - a specialized agency of the united nations. The powers of the bank are vested in a Board of Governors. The bank gives loans for projects that will lead to economic growth (e.g. India's population Projects)* The projects are usually concerned with electric power, roads railways, agriculture, water supply, education, family planning etc. Health and environmental components have been added to many projects