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The World Bank and its affiliates play a significant role in promoting international business by creating a stable, predictable, and supportive environment for cross-border trade and investment. These affiliates, including the International Finance Corporation (IFC), the International Development Association (IDA), and the Multilateral Investment Guarantee Agency (MIGA), function collectively to enhance economic development, reduce risks, and facilitate private sector participation in emerging markets, which in turn encourages international business activities. The International Finance Corporation (IFC) primarily promotes private sector investment in developing countries. By providing financial __________ _________ ___ ______ _______ ____ ____ ___ _______ ___ _____ ___.
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