The correct answer is: A. United Nations Industrial Development Organisation
The United Nations Industrial Development Organization (UNIDO) is a specialized agency of the United Nations that promotes industrial development and the transfer of technology to developing countries. It was founded in 1966 with the goal of helping developing countries achieve self-reliance through industrialization.
UNIDO works with governments, businesses, and other organizations to promote industrial development through a variety of programs and initiatives. These include providing technical assistance, training, and financing for industrial projects; promoting research and development; and facilitating the transfer of technology.
UNIDO’s work is essential for the economic development of developing countries. By promoting industrialization, UNIDO helps countries to create jobs, generate income, and reduce poverty.
The other options are incorrect because:
- The International Finance Corporation (IFC) is a member of the World Bank Group that provides financial assistance to private sector projects in developing countries.
- The International Monetary Fund (IMF) is an international financial institution that provides loans to countries experiencing balance of payments difficulties.
- The World Bank is a group of five international organizations that make leveraged loans to developing countries.