Question

How can the IMF and the World Bank help countries struggling with economic crises?

• A. By providing financial assistance to countries facing economic crises
• B. By establishing the rules of international trade
• C. By ensuring greater market access to all member countries
• D. By helping nations formulate policies related to foreign trade

Answer 1

The correct option is A By providing financial assistance to countries facing economic crises

The IMF and the World Bank are two major international financial institutions. The World Bank provides loans and grants to the governments of low- and middle-income countries. Similarly, the IMF promotes international financial stability and monetary cooperation. These organisations help countries in case of financial emergencies by extending loans.