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…

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 the World War II. Which of the statements given above are correct?

Aicharya · Accepted Answer

IBRD provides loans and guarantees to middle-income countries (I correct) and was set up to rebuild post-WWII Europe (III correct). IBRD does not work 'single-handedly'; it works with IDA, IFC, etc. — II wrong.

Consider the following statements in respect of the International Bank for Reconstruction and Development…

Solution