The International Development Association was established to:

Question

Quizplus · Accepted Answer

The International Development Association (IDA) was established to enhance economic development through low-interest rate loans for poor countries, which are below-market rates. This promotes economic growth in these countries by providing access to financing for development projects that may not be possible otherwise. Therefore, both options A and D are incorrect, as they focus solely on enhancing development in a specific region or sector without considering the needs of poor countries. Option B is also incorrect, as market interest rates may be too high for poor countries to afford, and therefore would not promote economic development.

The International Development Association Was Established To