Economics · Economy
What is the primary function of the International Bank for Reconstruction and Development (IBRD)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is an international organization that directly regulates and supervises the commercial banking systems of all nations
- 2It is a global commercial bank that provides microfinance loans directly to individual small businesses
- 3It is a United Nations agency that focuses solely on global cultural heritage preservation
- 4It is an international financial institution that provides loans and financial assistance to middle-income developing countries✓
Correct answer
It is an international financial institution that provides loans and financial assistance to middle-income developing countries
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