Question on: SS3 Economics - Historical Development of These International Financial Organizations

What is the primary function of the International Bank for Reconstruction and Development (IBRD)?

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A

To promote economic development in Asia and the Pacific

B

To provide loans and technical assistance to developing countries for economic development

 

C

To coordinate the production and trade of coal and steel among European countries

D

To promote free trade and reduce trade barriers among member countries

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Correct Option: B

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