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The International Bank for Reconstruction and Development (IBRD) is important to developing nations because it

Economics
WAEC 2013

The International Bank for Reconstruction and Development (IBRD) is important to developing nations because it

  • A. gives aid for defence
  • B. offers loans for public projects
  • C. offers aid to finance private projects
  • D. gives loans for legal proceedings
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Correct Answer: Option B
Explanation

The world's largest development bank, IBRD also known as the world bank provides financial aid, loans, and policy advice to countries in the undertaking of public projects, in view of reducing poverty and extending the benefits of sustainable growth to all.

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