SSC MTS EXAM

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 IBRD Flexible Loan (IFL) is the leading loan product of the World Bank for public sector borrowers of middle-income countries.

Detailed explanation-3: -Multilateral Development Banks. A multilateral development bank (MDB) is a development bank, created by a group of countries, that provides financing and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower countries.

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.