The __________ is an investment bank created in 1944 that issues bonds to make low interest rate or interest-free, long-term loans to poor countries for economic development projects.

Question

Quizplus · Accepted Answer

The International Development Association (IDA) is a part of the World Bank Group and was created in 1960 to provide interest-free, long-term loans and grants to the world's poorest countries for economic development projects. The International Bank for Reconstruction and Development (IBRD) is also a part of the World Bank Group but issues bonds to make low interest rate loans for middle-income countries. The International Monetary Fund (IMF) is a separate organization that provides financial assistance and policy advice to member countries experiencing economic hardships.

The __________ Is an Investment Bank Created in 1944 That