How does the World Bank provide financial assistance to developing countries?

The World Bank provides financial assistance to developing countries through various mechanisms. These include:

1. Loans: The World Bank offers low-interest loans to developing countries to support their development projects and programs. These loans are typically provided for specific sectors such as infrastructure, education, healthcare, and agriculture.

2. Grants: The World Bank also provides grants to developing countries, particularly in cases of emergency situations or for specific projects that align with its development goals. Grants do not need to be repaid.

3. Technical Assistance: In addition to financial support, the World Bank provides technical assistance to help countries build capacity and implement effective policies and reforms. This assistance can include expertise, knowledge sharing, and advisory services.

4. Policy Advice: The World Bank offers policy advice to developing countries based on its research and analysis. This advice helps countries design and implement effective economic and social policies to promote sustainable development.

5. Risk Mitigation: The World Bank provides guarantees and insurance products to help mitigate risks for private sector investments in developing countries. This encourages private sector participation and investment in key sectors, such as infrastructure and energy.

Overall, the World Bank's financial assistance aims to support developing countries in their efforts to reduce poverty, promote economic growth, and achieve sustainable development.