Who offers low-interest loans to developing nations? A) World Bank (B) International Monetary Fund C) Federal Reserve (D) Interational Reserve
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Bonus Knowledge
The World Bank is a key player in providing low-interest loans to developing nations, aimed at reducing poverty and promoting sustainable development. Its financial assistance often comes with favorable terms, allowing countries to invest in infrastructure, education, and healthcare, which are crucial for their growth and stability. On the other hand, the International Monetary Fund (IMF) primarily focuses on stabilizing economies and providing short-term financial aid, often with stricter conditions. While it does support nations in crisis, its loans are usually designed to help countries restore their economic stability rather than fund long-term projects like the World Bank.