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The foremost objective of the International Bank of Reconstruction and Development (IBRD) is to

Economics
WAEC 2020

The foremost objective of the International Bank of Reconstruction and Development (IBRD) is to

  • A. help promote private and public investments
  • B. assist members achieve a balance of payments stability
  • C. grant long term loans for infrastructure
  • D. maintain stabilily of foreign exchange
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Correct Answer: Option C
Explanation

The major objective of the International Bank of Reconstruction and Development is to provide long-term capital to members countries for economic reconstruction and development.

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