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    Question

    Which of the following international institutions is

    primarily responsible for providing long-term capital for economic development projects in developing countries?
    A Bank for International Settlements (BIS) Correct Answer Incorrect Answer
    B International Monetary Fund (IMF) Correct Answer Incorrect Answer
    C World Bank Group Correct Answer Incorrect Answer
    D International Organization of Securities Commissions (IOSCO) Correct Answer Incorrect Answer
    E World Trade Organization (WTO) Correct Answer Incorrect Answer

    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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