GK
INTERNATIONAL ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Intergovernmental Organization’s primary goal is to give loans to poorer nations?
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North Atlantic Free Trade Agreement NAFTA
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World Bank
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World Trade Organization WTO
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International Committee of the Red Cross/Crescent ICRC
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Explanation:
Detailed explanation-1: -IBRD raises most of its funds in the world’s financial markets. This has allowed it to provide more than $500 billion in loans to alleviate poverty around the world since 1946, with its shareholder governments paying in about $14 billion in capital.
Detailed explanation-2: -The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries.
Detailed explanation-3: -The IBRD Flexible Loan (IFL) is the leading loan product of the World Bank for public sector borrowers of middle-income countries.
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