Multiple choice

Which institution is known as 'soft loan window' of the World Bank?

  1. International Finance Corporation

  2. International Development Agency

  3. International Monetary Fund

  4. Indian Development Forum
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B Correct answer
Explanation

The International Development Association (IDA) is the 'soft loan window' of the World Bank Group. It provides concessional loans and grants to the world's poorest countries. IDA loans have zero or very low interest rates and long repayment periods. IFC lends to private sector, IMF is a separate institution for monetary cooperation.

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