Which of the following is an affiliate of the International Bank of Reconstruction and Development?
Solution
Correct Answer: Option A
- The International Development Association (IDA) is an affiliate of the International Bank of Reconstruction and Development (IBRD).
- The IBRD is one of the five institutions that make up the World Bank Group, and it provides loans to middle-income countries.
- The IDA provides loans to low-income countries on concessional terms, meaning that the interest rates are lower and the repayment period is longer.
- The IBRD is one of the five institutions that make up the World Bank Group, and it provides loans to middle-income countries.
- The IDA provides loans to low-income countries on concessional terms, meaning that the interest rates are lower and the repayment period is longer.
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