The International Bank for Reconstruction and Development(IBRD) performs the following functions except-------

Assessment: JAMB UTME - Economics - 2022 Subject: Economics

Question 1 Report

The International Bank for Reconstruction and Development(IBRD) performs the following functions except-------
Answer Details
The International Bank for Reconstruction and Development (IBRD) is a specialized agency of the United Nations that provides loans, technical assistance, and other services to developing countries. Out of the options provided, the IBRD does not reduce tariffs among its members. Its main focus is on granting long-term loans to member countries for development projects, providing technical expertise to help those countries implement those projects successfully, and developing human resources in those countries. Tariff reduction is not one of its main functions.
Read lesson note on Economic Development And Planning (WAEC)
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