The international agency that lends money to developing countries for economic development projects is
the
A. World Credit Union.
B. World Bank.
C. International Monetary Fund (IMF).
D. World Trade Organization (WTO).
my answer is B
Correct.
Your answer is correct. The international agency that lends money to developing countries for economic development projects is the World Bank. It provides loans and financial assistance to support various projects such as infrastructure development, education, healthcare, and poverty reduction.
To arrive at this answer, you can eliminate options A, C, and D by understanding their respective functions:
A. The World Credit Union is not an international agency that lends money to developing countries. Credit unions are typically member-owned financial cooperatives that offer financial services to their members.
C. The International Monetary Fund (IMF) is an international organization that provides financial assistance and policy advice to member countries experiencing economic difficulties. While the IMF does provide loans, its primary focus is on stabilizing global financial systems and promoting economic stability, rather than direct development projects in developing countries.
D. The World Trade Organization (WTO) is an international organization that deals with the global rules of trade between nations. Its main purpose is to ensure that trade flows as smoothly, predictably, and freely as possible. It does not directly lend money for economic development projects.
By process of elimination, option B, the World Bank, remains as the correct answer.