gs1medium
The International Development Association, a lending agency, is administered by the
- A.International Bank for Reconstruction and Development
- B.International Fund for Agricultural Development
- C.United Nations Development Programme.
- D.United Nations Industrial Development Organization
▶ Answer & Explanation
Correct answer: A. International Bank for Reconstruction and Development
The International Development Association (IDA) is a member of the World Bank Group. It was established in 1960 to lend to the poorest countries on concessional terms. The IDA's operations are managed by the staff of the International Bank for Reconstruction and Development (IBRD), which is also part of the World Bank Group.
Source: UPSC gs1 2010