WAEC Economics 2013 Objective — Question 50
Question 50 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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The International Bank for Reconstruction and Development (IBRD) is important to developing nations because
- A. it gives aid for defence
- B. it offers loans for public projectsCorrect
- C. it offers aid to finance private projects
- D. it gives loans for legal proceedings
Explanation
The IBRD, also known as the World Bank, gives long-term loans for development projects, making it important to developing countries.
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