Question

Which of the following organizations provides loans and grants to member countries for human development (education and health), agriculture and rural development, in- frastructure, and environment protection?

• A. WTO
• B. World Bank
• C. IMF
• D. UNO

Answer 1

The Correct Option is B

The World Bank is the entity that extends loans and grants to its member nations for initiatives in human development (including education and health), agriculture and rural development, infrastructure projects, and environmental protection.

Additional Context:

• Its official designation is the International Bank for Reconstruction and Development (IBRD).
• It offers both investment loans and financing for development policies.
• It collaborates closely with the International Development Association (IDA), an affiliate that provides interest-free credits.
• Its primary objectives are poverty reduction and fostering sustainable development.
• It is distinct from the IMF, which concentrates on macroeconomic stability and balance of payments concerns.

Correct Answer: (2) World Bank