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Question
Justify the following statement.
World Bank plays a vital role in social development.
Solution
- The World Bank work with governments, communities, civil societies, private sectors, and the marginalized ' for the cause of social development.
- Social development promotes economic growth and leads to a higher quality of life.
- The World Bank's work on social development brings voices of the poor and vulnerable to the development process.
- World Bank is also undertaking timely social risk analysis, including poverty and social impact analysis.
- Thus, the World Bank plays a vital role in social development.
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