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WAEC Economics 2012 Question 50

Question 50

International Economic Organisations

Which of the following is not a function of the West African Development Bank?

  1. A.Promotion of both private and public investments in member states
  2. B.Financing and executing projects in member states
  3. C.Promotion of social development of member states
  4. D.harmonization of oil prices to the advantage of member states
Show the answer and explanation

Answer: D (harmonization of oil prices to the advantage of member states)

Explanation

Harmonising oil prices is OPEC's work, not a development bank's.