Which of the following organization gives interest free loans to the poor countries? (a) International Monetary Fund (b) World Bank (c) International Financial Corporation (d) International Development Association
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The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States.
Parent organization: World Bank Group
President of the World Bank: Jim Yong Kim
Membership: 173 countries
Purpose: Development assistance, Poverty reduction
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