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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
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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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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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995