Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
I. It provides loans and guarantees to middle income countries.
II. It works single-handedly to help developing countries to reduce poverty.
III. It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

Question

Apedia · Accepted Answer

Correct Answer: I and III only.

Explanation: Statement II is incorrect because IBRD does not work single-handedly; it works closely with the International Development Association (IDA) to form the World Bank. Statements I and III are correct historical and functional facts about the IBRD....

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