Q. Consider the following statements regarding “International Bank for Reconstruction & Development”:
1.It is the largest development bank in the world.
2.It finances investments across all sectors and provides technical support and expertise at each stage of a project.
Which of the statements given above is/are correct?
Answer: C
Notes:
Explanation: IBRD is a global development cooperative owned by 189-member countries, and it is the largest development bank in the world.
- It is headquartered in Washington, D.C. It was established in 1944 to finance the reconstruction of European nations devastated by World War II.
- IBRD finances investments across all sectors and provides technical support and expertise at each stage of a project.
Source: FORUMIAS
