Which organization primarily makes and guarantees loans to developing nations for basic development projects such as the construction of dams, roads, and schools?
A) the World Bank
B) the New Economic Order
C) the Federal Reserve System
D) the Committee on Economic Development

Question

Quizplus · Accepted Answer

The World Bank is the primary organization that makes and guarantees loans to developing nations for basic development projects such as the construction of dams, roads, and schools. It is a specialized agency of the United Nations and consists of two institutions - the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

Which Organization Primarily Makes and Guarantees Loans to Developing Nations