Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads ?
Correct answer: A. World Bank
- A. World Bank
- B. International Monetary Fund
- C. Council on Foreign Relations
- D. Organization of petroleum Exporting Countries
Explanation
The World Bank provides long-term development financing for projects such as schools, hospitals, transport and roads. The IMF mainly provides short- and medium-term balance-of-payments support and monetary assistance.
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