Asked by Mourier Macha on Jun 22, 2024
Verified
Which organization primarily makes and guarantees loans to developing nations for basic development projects such as the construction of dams, roads, and schools?
A) the World Bank
B) the New Economic Order
C) the Federal Reserve System
D) the Committee on Economic Development
World Bank
An international financial institution that provides loans and grants to countries for development projects aimed at reducing poverty.
Basic Development Projects
Initiatives aimed at foundational improvements in an economy or society, such as infrastructure, education, and health services.
Developing Nations
Countries with a lower level of material well-being, lower income per capita, and generally striving to achieve higher levels of economic and social development.
- Become aware of the role that international assistance and institutions, for instance, the World Bank, play in supporting economic growth in nations that are developing.
Verified Answer
SM
sushmi maharjanJun 27, 2024
Final Answer :
A
Explanation :
The World Bank is the primary international organization that makes and guarantees loans to developing nations for basic development projects such as the construction of dams, roads, and schools. The New Economic Order is not an organization, but rather a set of proposed economic reforms. The Federal Reserve System is the central banking system of the United States and does not specifically focus on loans to developing nations. The Committee on Economic Development is a nonprofit, nonpartisan organization focused on promoting sustainable economic growth and development in the United States.
Learning Objectives
- Become aware of the role that international assistance and institutions, for instance, the World Bank, play in supporting economic growth in nations that are developing.