Name a major global institution involved in development aid.

Name a major global institution involved in development aid.

• A. The World Bank.
• B. International Monetary Fund.
• C. World Trade Organization.
• D. United Nations Development Programme.

Answer: (A)

Development aid focuses on funding projects that promote growth and reduce poverty, such as infrastructure, health, and education programs. The World Bank is a major global institution dedicated to this goal, providing loans and grants specifically for development projects in many countries. This emphasis on financing long-term development makes it a quintessential source of development aid. By contrast, the International Monetary Fund mainly supports macroeconomic stability and balance-of-payments issues, often with policy conditions, rather than funding development projects. The World Trade Organization handles trade rules and negotiations rather than providing development funding. The United Nations Development Programme does work on development, but the World Bank is typically the most prominent source of direct development finance on a global scale.

Development aid focuses on funding projects that promote growth and reduce poverty, such as infrastructure, health, and education programs. The World Bank is a major global institution dedicated to this goal, providing loans and grants specifically for development projects in many countries. This emphasis on financing long-term development makes it a quintessential source of development aid. By contrast, the International Monetary Fund mainly supports macroeconomic stability and balance-of-payments issues, often with policy conditions, rather than funding development projects. The World Trade Organization handles trade rules and negotiations rather than providing development funding. The United Nations Development Programme does work on development, but the World Bank is typically the most prominent source of direct development finance on a global scale.