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JAMB Economics 2003 Question 39

Question 39

International Economic Organisations

IBRD as an international monetary institution is concerned with the

  1. A.improvement of trade among member nations
  2. B.development of infrastructure in member nations
  3. C.balance of payments problems of member nations
  4. D.financing of private businesses in member nations
Show the answer and explanation

Answer: B (development of infrastructure in member nations)

Explanation

The IBRD (World Bank) lends for long-term development projects such as roads, power and dams.