Assertion (A) : International Finance Corporation (IFC) contributes to increase sustainable agriculture opportunities, improve health and education and increase access to financing for micro finance and business client. Reasoning (R) : The IFC has focused on a set of development goals to ensure that its projects are expected to achieve the target. Codes :
IFC's Development Contribution and Goals Analysis
The Assertion (A) correctly states that the International Finance Corporation (IFC) actively contributes to increasing opportunities in sustainable agriculture, improving health and education, and enhancing access to financing for micro and business clients. These are core areas targeted by the IFC to foster private sector development.
The Reasoning (R) accurately points out that the IFC is guided by a set of specific development goals. These goals are crucial for ensuring that the projects undertaken by the IFC are strategically aligned and expected to achieve their intended positive outcomes.
Linking IFC's Goals to Its Contributions
The strategic focus on achieving defined development goals (Reasoning R) directly informs and justifies the IFC's investments and support in critical sectors like agriculture, health, education, and finance (Assertion A). By setting clear targets, the IFC ensures its efforts in these areas lead to tangible development impact.
Therefore, the reasoning (R) serves as a correct explanation for the assertion (A), demonstrating the logical connection between the IFC's strategic planning and its operational contributions.
Conclusion: Both statements (A) and (R) are correct, and (R) provides the correct explanation for (A).
Important Questions from International Economic institutions
- Match List – I with List – II and select correct answer from the codes given below :
List – I List – II a. International Monetary Fund i. Lending to private sector b. International Bank for Reconstruction and Development ii. Balance of Payments problems c. International Development Association iii. Soft Loan to poor countries d. International Finance Corporation iv. Socio-economic infrastructure - Match the items of List-I with List-II and denote the code of correct matching.Codes :
List – I List – II a. International Bank for Reconstruction and Development i. 1945 b. International Finance Corporation ii. 1956 c. Asian Development Bank iii. 1966 d. Export-Import Bank of India iv. 1981 Match the items of List - I with those of List - II; and choose the correct code of combination :
List - I List - II (a) Poverty Reduction and Growtd Facility (PRGF) (i) 1997 (b) Supplemental Reserve Facility (SRF) (ii) 1974 (c) Extended Fund Facility (EFF) (iii) 1999 - Which among the following is not an international economic institution ?
In which of the following years was ADB (Asian Development Bank) established?
