The World Bank extends loans only to developed nations, while the International Development Association (IDA) extends loans only to developing nations.

Question

Quizplus · Accepted Answer

The statement is incorrect. The World Bank provides financial assistance to both developed and developing countries. The International Development Association (IDA) is a division of the World Bank that provides low-interest loans, grants, and other forms of assistance to the world's poorest countries.

The World Bank Extends Loans Only to Developed Nations, While