current affairs MCQ #4558

Which international organization provides concessional loans for development projects in low-income countries?

current affairs MCQ #4558

  1. Question 1

    Q1. Which international organization provides concessional loans for development projects in low-income countries?

    • A) IMF
    • B) World Bank (IDA)
    • C) ADB
    • D) WTO

    Answer: World Bank (IDA)

    Explanation: The World Bank's International Development Association (IDA) provides interest-free loans and grants to the world's poorest countries for long-term development projects.