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JAMB Economics 1992 Question 49

Question 49

International Economic Organisations

The Nigerian Trust Fund is managed on behalf of Nigeria by the

  1. A.World Bank
  2. B.International Monetary Fund
  3. C.African Development Bank
  4. D.Economic Commission for Africa
Show the answer and explanation

Answer: C (African Development Bank)

Explanation

Nigeria set up the Nigeria Trust Fund in 1976 and the African Development Bank manages it to give soft loans to poorer African countries.