Question

______ were not equipped to cope with the challenge of poverty and lack of development in the former colonies. i. International Bank for Reconstruction and Development ii. Consumer Welfare Fund iii. International Monetary Fund Choose the correct option. *

i and iii
i, ii and iii
i and ii
ii only

Answer 1

Answer:

International Monetary Fund were not equipped to cope with the challenge of poverty and lack of development in the former colonies.

The IMF oversees the world's monetary system's stability, while the World Bank's goal is to reduce poverty by offering assistance to middle-income and low-income countries. Both organizations are based in Washington, D.C., and were established as part of the Bretton Woods Agreement in 1945.They were not equipped to cope with the challenge of poverty and lack of development in the former colonies.

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