CSEET · Economic and Business Environment · Global Environment
The World Bank Group's International Bank for Reconstruction and Development (IBRD) mainly provides which kind of support?
The IBRD mainly provides loans, guarantees and advisory support for development projects and policy reforms to middle-income and creditworthy low-income countries. It does not allocate Special Drawing Rights or give short-term balance of payments support, which are functions of the IMF.
- AShort-term loans to fix temporary exchange rate misalignments
- BLoans and guarantees for development projects and reforms to middle-income and creditworthy low-income countriesCorrect
- CGrants to private companies for export promotion
- DIssue of Special Drawing Rights to member central banks
Explanation
IBRD lends to middle-income and creditworthy poorer countries for development purposes, such as infrastructure, health and education. SDR allocation is an IMF function, and short-term balance of payments support is also IMF territory.
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