4
Question
Which of the following is known as the soft loan window of World Bank is __________.
Which of the following is known as the soft loan window of World Bank is __________.
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Solution
The correct option is C IDA
The International
Development Association (IDA) is known as the
'soft loan' window of the World Bank since it offers concessional loans and
grants to the world's poorest developing countries.
The IDA is a member
of the World Bank Group and is headquartered in Washington, D.C., United States.
International Development Association (IDA) – Introduction, Origins, Functions. Established in
1960,
IDA aims to
reduce poverty by providing loans (called “credits”) and grants for programs
that boost economic growth, reduce inequalities, and improve people's living
conditions.
The International
Development Association (IDA) is known as the
'soft loan' window of the World Bank since it offers concessional loans and
grants to the world's poorest developing countries.
The IDA is a member
of the World Bank Group and is headquartered in Washington, D.C., United States.
International Development Association (IDA) – Introduction, Origins, Functions. Established in
1960,
IDA aims to
reduce poverty by providing loans (called “credits”) and grants for programs
that boost economic growth, reduce inequalities, and improve people's living
conditions.
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