Question
Which of the following international institutions is
primarily responsible for providing long-term capital for economic development projects in developing countries?Solution
- World Bank Group (WBG):  Its core mission is long-term poverty reduction and economic development . It provides long-term loans, grants, and technical assistance  for specific projects (e.g., building roads, schools, health systems) and policy reforms in developing countries.
- IMF:  Focuses on short-to-medium-term macroeconomic stability . It provides financial assistance and policy advice to countries facing balance of payments crises.
- BIS:  Functions as a "central bank for central banks," focusing on international monetary and financial cooperation, and banking supervision  (Basel Accords).
- IOSCO:  Sets global standards for securities markets regulation .
- WTO:  Deals with global trade rules .
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Statement I
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