Question
Who offers low-interest loans to developing nations? A) World Bank (B) International Monetary Fund C) Federal Reserve (D) Interational Reserve
Ask by Lambert Lyons. in the United States
Jan 30,2025
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Answer
The World Bank offers low-interest loans to developing nations.
Solution
The organization that offers low-interest loans to developing nations is:
**A) World Bank**
The World Bank provides financial and technical assistance to developing countries for development programs (e.g., bridges, roads, schools, etc.) that are expected to improve the economic prospects and quality of life for people in those countries.
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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.
