UPSC Prelims 2025 · GS Paper 1 · Q67

Current Affairs

Medium · World Bank group

With reference to the International Bank for Reconstruction and Development (IBRD), consider the following statements:

1. It provides loans mainly to creditworthy middle-income and lower-middle-income countries.

2. Poverty reduction is its sole, exclusive mandate, to the exclusion of all other objectives.

3. It was founded to help finance the reconstruction of Europe after the Second World War.

Which of the statements given above are correct?