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Which of the following is a primary objective of the World Bank’s International Development Association (IDA)?
  • a)
    Offering grants and low-interest loans to the poorest countries
  • b)
    Providing loans to high-income countries
  • c)
    Regulating global trade policies
  • d)
    Stabilizing international currency markets
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following is a primary objective of the World Bank’...
The primary objective of the World Bank's International Development Association (IDA) is to support the world's poorest countries by:
  • Offering grants and low-interest loans to help with development projects.
  • Focusing on reducing poverty and improving living standards.
  • Encouraging economic growth and sustainable development.
In contrast, the other options do not align with the IDA's main goals. For example:
  • Providing loans to high-income countries is not part of the IDA's mission.
  • Regulating global trade policies and stabilising international currency markets are functions of other organisations, not the IDA.
 
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