The World Bank gives long term loans to developing member countries for how many years?

25
40
50
60

The correct answer is: A. 25 years.

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is made up of two development institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD provides loans to middle-income and creditworthy low-income countries, while IDA provides grants and low- or no-interest loans to the poorest countries.

The World Bank’s long-term loans are typically for 25 years, with a grace period of 5 years. This means that borrowers do not have to start repaying the loan for the first 5 years, and then they have 20 years to repay the loan. The interest rate on World Bank loans is based on the cost of borrowing money on international markets.

The World Bank’s long-term loans are used to finance a wide range of development projects, including infrastructure, education, health, and agriculture. These projects help to improve the lives of people in developing countries and promote economic growth.

Here is a brief explanation of each option:

  • Option A: 25 years. This is the correct answer. The World Bank’s long-term loans are typically for 25 years.
  • Option B: 40 years. This is not the correct answer. The World Bank’s long-term loans are typically for 25 years, not 40 years.
  • Option C: 50 years. This is not the correct answer. The World Bank’s long-term loans are typically for 25 years, not 50 years.
  • Option D: 60 years. This is not the correct answer. The World Bank’s long-term loans are typically for 25 years, not 60 years.
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