Question:
Name the agency, which is an agency to provide 'soft loans' to developing countries.
Name the agency, which is an agency to provide 'soft loans' to developing countries.
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"Soft loans" = concessional/interest-free loans → always link with IDA, a wing of the World Bank.
Updated On: Aug 21, 2025
- Asian Infrastructure Investment Bank (AIIB)
- Organization of the Petroleum Exporting Countries (OPEC)
- Asian Development Bank (ADB)
- International Development Association (IDA)
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The Correct Option is D
Solution and Explanation
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. \[ \boxed{\text{International Development Association (IDA)}} \]
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