Question 67
HardOriginal questionWhich arm of the World Bank Group provides interest-free credits and grants to the poorest countries?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
The International Development Association lends to the poorest countries on concessional terms.
The IBRD lends to middle-income countries at close to market rates, and the two together are what is usually meant by 'the World Bank'.
The International Finance Corporation lends to the private sector rather than to governments.
Worth noting
India was for decades the largest borrower from IDA, and has since become a contributor to it as well.
- Concept
- Which arm of the World Bank Group lends to the poorest countries
- Typical timeTypical
- 45 s
- Your timeYours
- —
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