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.