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The World Bank is the world’s foremost intergovernmental 1___________ concerned with the external financing of the 2__________ growth of developing countries. The official title of the institution is the International Bank for Reconstruction and Development (IBRD).
Before recommending a Bank loan, the staff of the Bank must be reasonably satisfied that the productivity of the borrowing country will be increased and that the prospects for repayment are good. A country must be judged 3___________. Engineering investigations are frequently carried out to determine the probable relation of a proposed project to4___________ and costs. Increasingly, however, the Bank has shifted somewhat away from project lending (e.g., for a dam or a highway or a port); it has become concerned with education and other human services, the environment, and, through structural adjustment loans, the modification of governmental policies that are thought to have impeded long-run growth.