WAEC - Economics (2013 - No. 45)
The International Bank for Reconstruction and Development (IBRD) is important to developing nations because it
gives aid for defence
offers loans for public projects
offers aid to finance private projects
gives loans for legal proceedings
Explanation
The world's largest development bank, IBRD also known as the world bank provides financial aid, loans, and policy advice to countries in the undertaking of public projects, in view of reducing poverty and extending the benefits of sustainable growth to all.
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