Explain as to how the World Bank affiliates promote International Business

The World Bank Group (WBG), through its various affiliates, plays a significant role in promoting international business by providing financial support, reducing investment risks, improving infrastructure, and facilitating regulatory reforms in developing countries. The key affiliates of the World Bank Group that contribute to international business include the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).

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