The ‘International Development Association’ (IDA) provides interest-free loans to?
APrivate corporations
BDeveloped countries
CMiddle-income countries
DLow-income countries
Explanation
• IDA helps the world’s poorest countries by providing credits and grants.
• It is an arm of the World Bank Group.
• Its loans have long repayment periods with zero or very low interest.
Exam Relevance
- Topic: Competitive Exams
- Subtopic: FPSC/PPSC Past Papers
No Comments