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Consider the following statements regarding International Development Association (IDA).
  1. The International Development Association (IDA) is the part of IMF that helps the world’s poorest countries.
  2. IDA lends money on concessional terms i.e., at zero or very low interest charge and repayments are stretched over 30 to 40 years.
  3. IDA does not provide any grants to countries.
Which of the above statements is/are correct?
  • a)
    2 only 
  • b)
    1, 2 
  • c)
    2, 3 
  • d)
    1, 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding International Development ...
  • The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries.  
  • IDA lends money on concessional terms. This means that IDA credits have a zero or very low interest charge and repayments are stretched over 30 to 40 years, including a 5- to 10-year grace period. IDA also provides grants to countries at risk of debt distress.
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Community Answer
Consider the following statements regarding International Development ...
's poorest countries.
IDA provides low-interest loans and grants to these countries to support their development projects.
IDA's primary focus is on reducing poverty and promoting sustainable economic growth.
IDA also works to strengthen the capacity of governments to manage their economies and implement effective development policies.
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Consider the following statements regarding International Development Association (IDA). The International Development Association (IDA) is the part of IMF that helps the world’s poorest countries. IDA lends money on concessional terms i.e., at zero or very low interest charge and repayments are stretched over 30 to 40 years. IDA does not provide any grants to countries.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements regarding International Development Association (IDA). The International Development Association (IDA) is the part of IMF that helps the world’s poorest countries. IDA lends money on concessional terms i.e., at zero or very low interest charge and repayments are stretched over 30 to 40 years. IDA does not provide any grants to countries.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding International Development Association (IDA). The International Development Association (IDA) is the part of IMF that helps the world’s poorest countries. IDA lends money on concessional terms i.e., at zero or very low interest charge and repayments are stretched over 30 to 40 years. IDA does not provide any grants to countries.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding International Development Association (IDA). The International Development Association (IDA) is the part of IMF that helps the world’s poorest countries. IDA lends money on concessional terms i.e., at zero or very low interest charge and repayments are stretched over 30 to 40 years. IDA does not provide any grants to countries.Which of the above statements is/are correct?a)2 onlyb)1, 2c)2, 3d)1, 3Correct answer is option 'A'. Can you explain this answer?.
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