Suppose the government of Ghana is seeking concessionary financing to build 100 new schools,which of the following agencies is most likely to provide such financing?

Question

Quizplus · Accepted Answer

The International Development Agency (IDA) is a subsidiary of the World Bank Group that provides concessional financing, i.e. loans with very low interest rates and long repayment periods, to low-income countries to support their development goals. Building schools would qualify as a development project and Ghana is a low-income country, making the IDA the most likely agency to provide the financing for the project. The World Bank, IMF, and IFC also provide financing for development projects, but their financing terms may not be as concessional as those provided by the IDA.

Suppose the Government of Ghana Is Seeking Concessionary Financing to Build