Which member of the World Bank Group gives low- or no-interest loans and grants to the poorest countries?
- AInternational Development Association (IDA)
- BInternational Finance Corporation (IFC)
- CInternational Bank for Reconstruction and Development (IBRD)
- DMultilateral Investment Guarantee Agency (MIGA)
Show answer and explanation
Correct answer: (a) International Development Association (IDA)
Explanation
The IDA is the World Bank's fund for the poorest countries. The IBRD lends to middle-income countries.