Static GK - Organizations & Headquarters
Which institution primarily provides long-term loans and grants for development projects in low-income countries?
Which institution primarily provides long-term loans and grants for development projects in low-income countries?
medium Q4 of 15
Step-by-Step Solution
Step 1: Understand institutional roles
The question asks which institution focuses on long-term concessional loans and grants to poor countries.Step 2: Apply knowledge
The IDA, part of the World Bank Group, provides low-interest loans and grants to the poorest countries.Final Answer:
International Development Association (IDA) → Option BQuick Check:
Long-term loans to poor countries = IDA ✅
Quick Trick: IDA = concessional loans for poorest countries.
Common Mistakes:
MISTAKES- Confusing IMF's short-term loans with IDA's long-term aid.
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