The correct answer is: B. IDA
The International Development Association (IDA) is one of the five institutions that make up the World Bank Group. It is a lending organization that provides grants and low- or no-interest loans to the poorest countries in the world. IDA’s goal is to help these countries reduce poverty and improve their standard of living.
The other four institutions in the World Bank Group are:
- The International Bank for Reconstruction and Development (IBRD)
- The International Finance Corporation (IFC)
- The Multilateral Investment Guarantee Agency (MIGA)
- The International Centre for Settlement of Investment Disputes (ICSID)
The IBRD is a lending organization that provides loans to middle-income and creditworthy low-income countries. The IFC is a private sector investment bank that provides loans and equity investments to private companies in developing countries. MIGA is an insurance company that provides political risk insurance to investors in developing countries. ICSID is an international tribunal that settles investment disputes between foreign investors and host governments.
The World Bank Group is a vital source of financial and technical assistance to developing countries around the world. It has helped to reduce poverty, improve health and education, and promote economic growth in many countries.