Question

Name the agency, which is an agency to provide 'soft loans' to developing countries.

• A. Asian Infrastructure Investment Bank (AIIB)
• B. Organization of the Petroleum Exporting Countries (OPEC)
• C. Asian Development Bank (ADB)
• D. International Development Association (IDA)

Hint:

"Soft loans" = concessional/interest-free loans → always link with IDA, a wing of the World Bank.

Answer 1

The Correct Option is D

Step 1: The International Development Association (IDA) is part of the World Bank Group. 
Step 2: IDA provides interest-free or concessional loans (called soft loans) and grants to the world's poorest countries to support development projects. 
Step 3: Other agencies mentioned: 
- AIIB and ADB provide infrastructure loans, often at commercial rates. 
- OPEC focuses on petroleum policies, not soft loans. \[ \boxed{\text{International Development Association (IDA)}} \]