GENERAL KNOWLEDGE

Detailed explanation-1: -Together, IBRD and IDA form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries. IDA focuses on the world’s poorest countries, while IBRD assists middle-income and creditworthy poorer countries.

Detailed explanation-2: -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.

Detailed explanation-3: -The IBRD advises countries that are interested in limiting poverty and enabling sustainable development. Its main focus is on providing financing and economic policy advice to help the leaders of middle-income countries navigate the path toward greater prosperity.