What is the role of the World Bank in the global economy?

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What is the role of the World Bank in the global economy?

The role of the World Bank in the global economy is to provide financial and technical assistance to developing countries. It aims to reduce poverty and promote sustainable economic growth by offering loans, grants, and expertise for various development projects. The World Bank also conducts research and analysis on global economic issues, provides policy advice to member countries, and facilitates international cooperation to address development challenges.