JAMB - Economics (2022 - No. 80)
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
Explanation
The major function of the International Bank for Reconstruction and Development (IBRD) is to grant long-term loans for developmental purposes to member states, provide technical support and expertise at each stage of a project being undertaken, and the development of human resources.
It is not the job of the IBRD to reduce tariffs amongst its members.