WAEC - Economics (2018 - No. 44)
The International bank for reconstruction and development (IBRD) performs the following functions except?
granting long-term loans
assisting with technical expertise
reducing tariff among members
developing human resource
Explication
TheThe International bank for reconstruction and development (IBRD), now known as The World Bank provides low-interest loans, interest-free credit, and grants. It focuses on improving education, health, and infrastructure. It also uses funds to modernize a country's financial sector, agriculture, and natural resources management.