What is a key function of the World Bank?

The key function of the World Bank is to provide loans to developing nations. This role is crucial because it supports economic development and reduces poverty in countries that may lack access to financial markets. By granting loans, the World Bank helps nations invest in infrastructure, healthcare, education, and other critical sectors essential for growth and stability.

The focus on lending to developing countries allows the World Bank to directly impact their economic conditions and support sustainable development initiatives. This function is central to the organization's mission of fostering global economic cooperation and alleviating poverty, which is a fundamental aspect of its existence. The other functions mentioned, such as facilitating military agreements, promoting cultural exchanges, or regulating international tourism, fall outside the primary scope of the World Bank's objectives and responsibilities.