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WAEC Economics 2013 Question 50

Question 50

International Economic Organisations

The International Bank for Reconstruction and Development (IBRD) is important to developing nations because it

  1. A.gives aid for defence.
  2. B.offers loans for public projects.
  3. C.offers aid to finance private projects.
  4. D.gives loans for legal proceedings.
Show the answer and explanation

Answer: B (offers loans for public projects.)

Explanation

The World Bank (IBRD) lends to governments for development projects such as roads and power.