One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to

Assessment: WAEC SSCE - Commerce - 2009 (Objective) Subject: Commerce

Question 1 Report

One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to
Answer Details
The main objective of the International Bank for Reconstruction and Development (IBRD), which is a part of the World Bank Group, is to lend funds to middle-income and creditworthy low-income countries for the purpose of financing development projects. Therefore, the correct option is: "lend to poor countries." The IBRD's goal is to promote economic development, reduce poverty, and improve living standards in member countries by providing loans, guarantees, and advisory services.
Read lesson note on Business Environment And Social Responsibility (JAMB)
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