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Lend money to the world's poorest/less-developed countries:

a) International Monetary Fund (IMF)
b) World Bank
c) United Nations (UN)
d) Organization of the Petroleum Exporting Countries (OPEC)

1 Answer

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Final answer:

The IMF and World Bank are the primary organizations that lend money to the world's poorest countries, with the roles of supporting global monetary stability and promoting economic development, respectively. Option a

Step-by-step explanation:

The organizations that lend money to the world's poorest or less-developed countries (LDCs) include the International Monetary Fund (IMF) and the World Bank. The World Bank was established with the purpose of raising money on international financial markets to provide loans to LDCs for development projects.

It also collaborates with other entities to promote economic development and provides advice for building economies effectively. The IMF, founded at the same time as the World Bank, primarily aims to promote global monetary stability. It helps countries facing severe economic difficulties by providing loans that come with advice on fiscal policies and sometimes involves conditions requiring economic reforms.

The Bretton Woods Conference after WWII created both the IMF and the World Bank, which initially focused on rebuilding nations post-war and later shifted to support global development.

The UN and OPEC are not primarily lenders to LDCs, although the UN does engage in development programs and poverty alleviation through agencies like the UNDP. Overall, the Bretton Woods institutions, notably the IMF and the World Bank, play a key role in providing financial support and advice to developing countries. Option a

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