Q77.
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) : I. It provides loans and guarantees to middle income countries. II. It works single- handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II. Which of the statements given above are correct?
Answer
C
Explanation
I is correct: The International Bank for and Development (IBRD) is a global cooperative owned by 189 member As the largest development bank in the it supports the World Bank Group’s mission by loans, guarantees, risk management and advisory services to middle-income and low-income countries, as well as by responses to regional and global II is not correct: They work closely with all of the World Bank Group and the public and sectors in developing countries to reduce and build shared prosperity. III is correct: It was created in 1944 to help rebuild after World War II, IBRD joins with IDA, fund for the poorest countries, to form the World