Which of the following makes long-term low-interest loans to LDCs?
A) Agency for International Development (AID)
B) World Bank
C) International Monetary Fund (IMF)
D) New International Economic Order (NIEO)

Question

Quizplus · Accepted Answer

The World Bank is an organization that provides long-term low-interest loans to developing countries. The Agency for International Development (AID) is a US government agency that provides aid and technical assistance to developing countries, but does not provide loans. The International Monetary Fund (IMF) provides short-term loans and financial assistance to countries experiencing economic difficulties, but not specifically low-interest loans for development projects. The New International Economic Order (NIEO) was a proposed global economic framework in the 1970s that aimed to provide greater economic justice for developing countries, but it was never fully implemented.

Which of the Following Makes Long-Term Low-Interest Loans to LDCs