The initial objective of the WB was to provide loans for the rebuilding of Europe after WWII, later lending is provided to developing countries to foster development. ... The IBRD was created in 1946 for two purposes: the reconstruction of Europe after WWII and for investment in the developing world. ... Before extending a loan, a very rigorous economic and financial analysis of the proposed project is done so that a targeted ROI of 10% is met. ... This is done to make sure that all aspects before, during and after aid is given, are well analyzed so errors can be kept to the minimum. ...

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• Grade Level: High School