Question

Which of the following agencies provides short-term financial assistance to its member countries ?

• A. IMF
• B. IBRD
• C. ADB
• D. WTO

Answer 1

Answer:

A. IMF

• The International Monetary Fund (IMF) primarily provides short-term financial assistance and loans to member countries experiencing balance-of-payments problems.
  

• IBRD (International Bank for Reconstruction and Development): Part of the World Bank, this agency focuses on long-term loans for development projects (like building dams, schools, or roads) and poverty reduction.

• ADB (Asian Development Bank): Like the World Bank, the ADB focuses on long-term social and economic development projects specifically within the Asia-Pacific region.

• WTO (World Trade Organization): The WTO is not a bank. It is an international body that sets the rules for global trade and settles disputes between member nations. It does not provide financial loans.

Agency	Primary Focus	Loan Duration
IMF	Financial stability / Currency crisis	Short to Medium Term
World Bank (IBRD)	Economic development / Poverty	Long Term
ADB	Regional development in Asia	Long Term
WTO	Trade rules and regulations	N/A (No Loans)