Consider the following statement World Bank provides low interest loans and grants to developing cou...........

Economic Affairs Others

Download Solution PDF

Consider the following statement.

World Bank provides low-interest loans and grants to developing countries.
International Monetary Fund (IMF) has the objective, inter alia, of promoting high employment, sustainable economic growth and reducing poverty around the world.

Which of the above is/are correct?

1 only

2 only

Both 1 and 2

None

छोटे Courses बड़े Results

Master Others

Prepare through Micro-courses

Try Now

Explanation:

Statement 1: These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.

Statement 2: The IMF is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.