WAEC Economics 2020 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.
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The foremost objective of the International Bank for Reconstruction and Development (IBRD) is to
- A. help promote private and public investmentsCorrect
- B. assist members achieve balance of payments stability
- C. grant long term loans for infrastructure
- D. maintain stability of foreign exchange
Explanation
The IBRD (World Bank)'s foremost objective is to help promote and facilitate private and public investment for reconstruction and development purposes.
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