GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The World Bank
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North Atlantic Treaty Organization (NATO)
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The United Nations (UN)
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Red Cross and Red Crescent Societies
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Detailed explanation-1: -The IMF assists low-income countries (LICs) with financial and other support. The IMF’s surveillance program provides continuous monitoring of member countries’ economic and financial policies.
Detailed explanation-2: -The IMF is an organization of 189 member countries that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Detailed explanation-3: -The IMF provides financial assistance and works with governments to ensure responsible spending. The IMF offers various types of loans that are tailored to countries’ different needs and specific circumstances. Loans to low-income countries carry a zero interest rate.
Detailed explanation-4: -The International Development Association (IDA) provides interest-free loans-called credits-and grants to governments of the poorest countries. Together, IBRD and IDA make up the World Bank.