Question

Which of the following statements is incorrect with respect to the International Bank for Reconstruction and Development (IBR

  • D ?
A It is the lending arm of the World Bank Group and offers loans to middle-income developing countries.
B The bank can finance any projects that increase economic activity and are responsible for eliminating poverty.
C India has been the single largest borrower of the Bank.
D IBRD has maintained a triple-A rating since 1959.
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