Like the International Monetary Fund (IMF), the ____ is composed of a collection of nations as members. However, unlike the IMF, it uses the private rather than the government sector to achieve its objectives.

Question

Quizplus · Accepted Answer

The International Financial Corporation (IFC) is a member of the World Bank Group, and like the IMF, it is composed of member countries. However, the IFC uses the private sector rather than the government sector to achieve its objectives, which include promoting sustainable private sector investment in developing countries. The World Bank (A) and its affiliate, the International Development Association (IDA) (D), both use government financing to support development projects, while the World Trade Organization (C) focuses on international trade and does not use private sector investments. The Bank for International Settlements (E) is a global organization of central banks and is not composed of member nations.

Like the International Monetary Fund (IMF), the ____ Is Composed