CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The World Bank has approved a $100 million credit from the International Development Association (IDA) to support economic reforms programme of which country
A
India
B
Pakistan
C
Bangladesh
D
Sri Lanka
Explanation: 

Detailed explanation-1: -1.1 Establishment and Membership:The IDA was established in 1960 and currently has 172 member countries.

Detailed explanation-2: -Economies are divided into IDA, IBRD, and Blend countries based on the operational policies of the World Bank. International Development Association (IDA) countries are those with low per capita incomes that lack the financial ability to borrow from the International Bank for Reconstruction and Development (IBRD).

Detailed explanation-3: -The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries.

Detailed explanation-4: -With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

There is 1 question to complete.