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What is the primary function of the world bank?

• Gives out loans to small businesses in developing countries

• Providing aid to countries facing natural disasters

• Facilitates government projects in countries by providing grants

• Funds scientific research projects to achieve global sustainability

What describes multilateral development assistance the best?

• Financial assistance provided by one country to another

• Multiple countries providing assistance to a particular region

• NGOs providing aid for humanitarian purposes

• International organization handing out loans to promote cultural exchange

The governance of IMF is said to be dominated by rich countries

• True

• False

Why is the IMF criticized?

• Being too severe in handling economic crisis

• Facilitating economic growth in member countries

• Promoting income equality

• Encouraging excessive government spending in developing nations

The World Bank has committed itself to helping countries achieve SDG goals.

• True

• False

What criticism does the World Bank face?

• Lack of transparency

• More importance given to short-term solutions rather than long-term sustainability

• Not concerned enough about the welfare of developing nations

IMF is responsible for funding environmental projects in countries

• True

• False

Name the key function of IMF

• Providing grants for educational initiatives in developing countries

• Offering loans to countries facing budget deficits

• Promoting international trade through tariff reductions

• Regulating diplomatic negotiations between nations

Which one is a positive aspect about the World Bank

• Heavy debt burden on countries

• Facilitating infrastructure development in underdeveloped regions.

• Creating economic dependency in nations who receive the loan

• Giving more importance to profit rather than social welfare