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

Commerce
WAEC 2009

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

  • A. settle interbank indebtedness
  • B. lend to poor countries
  • C. oversee the activities of banks abroad
  • D. encourage trade liberalization
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Correct Answer: Option B
Explanation

The major responsibility of the International Bank for Reconstruction and Development(IBRD) otherwise known as the world is to lend financial aid to poor countries that are torn by war and insecurity for developmental purposes.

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