Describe the tax benefits for new business. from the World Bank?\" Purpose of As

Question

Describe the tax benefits for new business. from the World Bank?"

Purpose of Assignment

As globalization continues to expand worldwide, multinational financial institutions become more important in helping nascent economies. These development banks not only provide financing for intellectual assistance to infrastructure projects, but also make available access to basic education as well. For a well-rounded knowledge of international economics, it is incumbent upon the business student to acquaint themselves of these global institutions.

Assignment Steps

Resources: Suggested but not required: Vreeland, James. {2003}. The IMF and Economic Development. New York, NY: Cambridge University Press.

Search the Internet for vendors who sell this book or inquire about it with a local library.

Select one financial institution from the following list:

European Investment Bank

Asian Development Bank

World Bank

Development Bank of Latin America

International Monetary Fund

Explanation / Answer

World bank helps devloping countries to get credit for their infrastructure and other development projects. It aims to make the world free from poverty. When , it provides fund to a nation then that money may be granted for loans to the start-up organization with some soft policy to return. Many times , it offer loans to promote entrepreneurship and self employment across the globe . So , we can conclude that a new business might get a loan indirectly from the world bank which might have lower interest and subsidized rate of interest.

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