Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
I. It provides loans and guarantees to middle income countries.
II. It works single-handedly to help developing countries to reduce poverty.
III. It was established to help Europe rebuild after the World War
II.
Which of the statements given above are correct?

Question

Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):

I. It provides loans and guarantees to middle income countries.

II. It works single-handedly to help developing countries to reduce poverty.

III. It was established to help Europe rebuild after the World War
II.

Which of the statements given above are correct?

Accepted Answer

Answer: I and III only.