Name the agency, which is an agency to provide 'soft loans' to developing countries.
Show Hint
"Soft loans" = concessional/interest-free loans → always link with IDA, a wing of the World Bank.
- Asian Infrastructure Investment Bank (AIIB)
- Organization of the Petroleum Exporting Countries (OPEC)
- Asian Development Bank (ADB)
- International Development Association (IDA)
The Correct Option is D
Solution and Explanation
- AIIB and ADB lend largely on commercial-style terms, and OPEC is not a lending body at all.
- IDA, part of the World Bank Group, provides concessional soft loans to developing countries.
The soft-loan agency is the International Development Association (IDA).
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