(a) Following earthquake in 2015, IDA has helped Nepal rebuild and recover.
(b) IDA ranks as the highest performing multilateral development bank in 2016.
(c) IDA is a subsidiary bank of IBRD.
(d) India has procured highest amount of international loan from IDA.
Identifying Incorrect IDA Information
The question asks to identify the statement that is factually incorrect regarding the International Development Association (IDA).
Statement Analysis
- Statement (a): IDA has indeed provided significant financial and technical support for Nepal's reconstruction and recovery efforts following the devastating earthquake in 2015. This statement is correct.
- Statement (b): In 2016, specific evaluations and reports may have ranked IDA highly among multilateral development banks due to its performance in areas like poverty reduction and development impact. This statement is presented as correct within the context of the question.
- Statement (c): The International Development Association (IDA) is an affiliate of the World Bank Group, closely collaborating with the International Bank for Reconstruction and Development (IBRD). While not a direct subsidiary in a corporate sense, it functions as a key component managed under the World Bank umbrella, often referred to in relation to IBRD. This statement is considered correct in this context.
- Statement (d): While India has historically been a significant borrower from the International Development Association (IDA), it does not hold the record for procuring the highest cumulative amount of international loans from IDA. Various other countries or regions might have received larger loan amounts over different periods. Therefore, this statement is incorrect.
Based on the analysis, statement (d) is the incorrect assertion about the International Development Association (IDA).
Important Questions from World Bank
- __________ provides grants and interest-free loans to the world's poorest countries for a variety of poverty reduction activities.
Which one of the following institutions is not a part of the World Bank Group?
Which one of the following statements is false ?
Which one of the following is an important activity of the World Bank borrowings ?
Which of the following is not the agency of World Bank ?
