Making "soft loans"-loans that may not be self-liquidating-to the very poorest of the developing countries on relatively liberal terms is the primary function of the
A) United Nations.
B) International Finance Corporation.
C) New Global Compact.
D) International Development Association.

Question

Quizplus · Accepted Answer

The International Development Association (IDA) is a part of the World Bank Group and provides low-interest loans, grants, and debt relief to the poorest countries in the world. These loans may not be self-liquidating, meaning they may not generate enough revenue to pay back the loan, but they are given on liberal terms to assist with development projects. The other options listed, such as the United Nations, International Finance Corporation, and New Global Compact, do not specifically focus on making soft loans to the poorest countries.

Making "Soft Loans"-Loans That May Not Be Self-Liquidating-To the Very