world_organizations medium MCQ

Which World Bank Group institution provides interest-free loans and grants to the world's poorest countries?

  1. IBRD
  2. IDA
  3. IFC
  4. MIGA

Answer: IDA

The International Development Association (IDA), part of the World Bank Group, provides concessional financing (interest-free credits and grants) to 75 of the world's poorest countries to support programs that boost economic growth and reduce poverty.

Topic World Bank
Exam Relevance Banking, UPSC, SSC
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