Categories: Economics WAEC

The foremost objective of the International Bank of Reconstruction and Development (IBRD) is to

A. help promote private and public investments
B. assist members achieve a balance of payments stability
C. grant long term loans for infrastructure
D. maintain stability of foreign exchange

Correct Answer:

Option C – grant long term loans for infrastructure

Explanation

The major objective of the International Bank of Reconstruction and Development is to provide long-term capital to members countries for economic reconstruction and development.

Sunday

Share
Published by
Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

2 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

2 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

2 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

2 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

2 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

2 months ago