Q47
Which organisation of the World Bank Group deals with matters related to the development of the poorest countries in the world?
A.
The International Bank for Reconstruction and Development
B.
The International Development Association
AnswerC.
The International Finance Corporation
D.
The Multilateral Investment Agency
Answer: Option B
Solution
Answer: Option B
Solution:
The International Development Association of the World Bank Group deals with matters related to the development of the poorest countries in the world. The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.