Question:
Which of the following organizations provides loans and grants to member countries for human development (education and health), agriculture and rural development, in- frastructure, and environment protection?
Which of the following organizations provides loans and grants to member countries for human development (education and health), agriculture and rural development, in- frastructure, and environment protection?
Updated On: Mar 28, 2025
- WTO
- World Bank
- IMF
- UNO
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The Correct Option is B
Solution and Explanation
The organization that provides loans and grants to member countries for human development (education and health), agriculture and rural development, infrastructure, and environment protection is the World Bank.
Additional Context:
- Officially known as the International Bank for Reconstruction and Development (IBRD)
- Provides both investment loans and development policy financing
- Works closely with its affiliate, the International Development Association (IDA), which offers interest-free credits
- Focuses on poverty reduction and sustainable development
- Different from IMF which focuses on macroeconomic stability and balance of payments issues
Correct Answer: (2) World Bank
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