GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First country who has received loan from World Bank is
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Iran
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Pakistan
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France
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India
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Explanation:
Detailed explanation-1: -The first loan the World Bank made, in 1947 to Credit National of France for $250 million, is also the first loan to be sold. The World Bank Group sells the loan’s remaining maturities, amounting to about $58.6 million, to the Banque de France.
Detailed explanation-2: -George D. Woods, President of the World Bank, today announced that a loan of $250 million, made in 1947 to the Credit National, a financial institution acting for the French Government, has now been sold in its entirety and is no longer held by the Bank.
Detailed explanation-3: -The first country to receive a World Bank loan was France in 1947.
There is 1 question to complete.