Brazil is planning to develop a major hydroelectric project in order to replace oil imports and conserve scarce foreign exchange. Which of the following international lending agencies is most likely to provide financing for this project?

Question

Quizplus · Accepted Answer

The World Bank is known for funding large-scale infrastructure projects, such as hydroelectric projects, in developing countries in order to promote economic development and reduce poverty. The other three options are less likely to fund such projects, as the IMF focuses on macroeconomic stability and exchange rate issues, while the IFC and IDA focus on private sector development and support to low-income countries, respectively.

Brazil Is Planning to Develop a Major Hydroelectric Project in Order