Question

The largest provider of development assistance to less developed countries is the?

United nation’s development program
International stock exchange
World bank
International Monetary Fund

Answer 1

The largest provider of development assistance to less developed countries is the World Bank

Answer: Option C

Explanation:

The World Banks, an international body which provides financial support and assistance to poorly developed countries and governments. It is headquartered in Washington D.C, U.S.A. It was formed in July 1944.

And, it is the brainchild of the Bretton Woods Conference, which also lead to build the International Monetary Funds. As on 2018 India is supposed to be the largest recipient of loans from The World Bank, with debts ranging up to approximately $860 million as on 2018.

Answer 2

The right answer is the World Bank.

Step-by-step explanation:

If we take into consideration only international organizations, then the World Bank is the largest provider of development assistance to less developed countries among multilateral donors.