CSEET · Economic and Business Environment · Global Environment
Which World Bank Group institution is mainly devoted to providing concessional credit and grants to the poorest countries?
The International Development Association (IDA) provides concessional credits and grants to the poorest countries. The IFC focuses on private sector investment, MIGA provides guarantees against political risk, and ICSID arbitrates investment disputes between investors and states.
- AMultilateral Investment Guarantee Agency (MIGA)
- BInternational Development Association (IDA)Correct
- CInternational Finance Corporation (IFC)
- DInternational Centre for Settlement of Investment Disputes (ICSID)
Explanation
IDA provides interest-free or low-interest credits and grants to the world's poorest countries. IFC invests in the private sector, MIGA offers political risk guarantees, and ICSID handles investment disputes.
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