Which international financial institution primarily provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects?
Show answer
The World Bank
Established alongside the IMF in 1944, its primary goal is to reduce poverty. It focuses on financing infrastructure, education, and health projects.
Also asked as:
- Which global international organization, headquartered in Washington, D.C., provides grants and loans to middle- and low-income countries for capital projects?