Which international financial institution primarily focuses on providing loans for development projects in poorer countries?
A
IMF
B
World Bank
C
WTO
D
OECD
Correct Answer: Option B — World Bank
Explanation:
The World Bank focuses on providing long-term loans and grants for development projects in developing countries, distinguishing it from the ...
The World Bank focuses on providing long-term loans and grants for development projects in developing countries, distinguishing it from the IMF, which primarily addresses short-term balance of payments issues.