The IBRD is a major institution of the World Bank whose function is to loan to:
A) countries whose income levels make them not creditworthy.
B) private-sector development-focused firms.
C) private individuals in developing nations whose entrepreneurial efforts support development.
D) middle-income and creditworthy poor nations.

Question

Quizplus · Accepted Answer

The International Bank for Reconstruction and Development (IBRD) is one of the five institutions that make up the World Bank, and its primary purpose is to provide loans and financial assistance to middle-income and creditworthy poor nations. These loans are intended to support infrastructure development, promote economic growth and reduce poverty in these countries. The IBRD operates on a commercial basis and charges market interest rates on its loans.

The IBRD Is a Major Institution of the World Bank