A developing country would like to improve its trade relations with Europe by updating its port infrastructure. Which international organization would help fund the project?
A) the bank for International Settlements
B) The World bank
C) The Central bank
D) The International Monetary Fund

Question

Quizplus · Accepted Answer

The World Bank is an international organization that provides loans and grants for development projects in developing countries. One of its areas of focus is infrastructure, including ports, so it is the most likely organization to provide funds for improving port infrastructure in a developing country. The other options, such as the bank for International Settlements and the Central bank, are not focused on development issues and do not provide funding for projects like this. The International Monetary Fund provides loans for macroeconomic stability, but does not fund infrastructure projects.

A Developing Country Would Like to Improve Its Trade Relations