Suppose the government of Brazil is planning to develop a major hydroelectric project in order to replace oil imports and conserve scarce foreign exchange,which of the following international lending agencies is most likely to provide financing for this project?

Question

Quizplus · Accepted Answer

The World Bank is known for providing funding for large infrastructure projects, including hydroelectric projects. Its mission is to alleviate poverty and promote economic development, which aligns with Brazil's goal of conserving foreign exchange. The International Monetary Fund focuses on providing financial assistance and stabilizing exchange rates, while the International Finance Corporation and International Development Association are focused on private sector investment and lending to the world's poorest countries, respectively. Therefore, the most likely option would be the World Bank.

Suppose the Government of Brazil Is Planning to Develop a Major