Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD): I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after World War II. Which of the statements given above are correct?
Question:
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD): I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after World War II. Which of the statements given above are correct?
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD): I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after World War II. Which of the statements given above are correct?
Options
Answer: I and III only
Explanation:
IBRD lends to middle-income countries and was created after WWII to rebuild Europe. It is part of the World Bank Group and works with other institutions, not alone.
Explanation:
IBRD lends to middle-income countries and was created after WWII to rebuild Europe. It is part of the World Bank Group and works with other institutions, not alone.
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