Question 50
International Economic OrganisationsThe International Bank for Reconstruction and Development is important to developing countries because it
- A.gives loans to member countries for legal proceedings
- B.offers grants and aid for defence
- C.offers loans to member countries for socio-economic activities
- D.offers grants and aid to finance luxury projects
Show the answer and explanation
Answer: C (offers loans to member countries for socio-economic activities)
Explanation
The IBRD (World Bank) lends to member countries for development projects such as roads, power, health and education.