JAMB UTME - Economics - 1993 | Green Bridge CBT

The international Bank for Reconstruction and Development is important to developing countries because it?

gives loans to member countries for legal proceedings

offers grants and aid for defence

offers loans to member countries for socio-economics activities

offers grants and aid to finance luxury projects

Detalles de la respuesta

The International Bank for Reconstruction and Development (IBRD) is important to developing countries because it offers loans to member countries for socio-economic activities. These loans are given to finance various development projects, such as infrastructure, health, education, and agriculture. The IBRD aims to reduce poverty and promote economic growth in developing countries by providing financial support for development projects. The loans are offered at low-interest rates and on flexible repayment terms, making them an attractive source of financing for developing countries. By providing these loans, the IBRD helps developing countries to achieve their economic and social development goals.

Lee la nota de la lección en International Economic Organizations (WAEC)






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