The International Development Association, a lending agency, is administered by the:
✓ Correct answer: a) International Bank for Reconstruction and Development
ExplanationThe International Development Association (IDA) is administered by the International Bank for Reconstruc- tion and Development (IBRD), which is part of the World Bank Group.IDA provides concessional loans and grants to the world’s poorest countries to promote economic growth and re- duce poverty.It complements the efforts of IBRD, which primari- ly supports middle-income nations.Options (b), (c), and (d) are incorrect:International Fund for Agricultural Devel-opment (IFAD): IFAD is a specialized UN agency that focuses on transforming agriculture, rural economies, and food systems.It provides funding to smallholder farmers and vulnerable rural populations to improve food security and sustainable farming practices.Unlike IDA, IFAD does not administer large-scale concessional lending programs for broad economic reforms.United Nations Development Programme (UNDP): UNDP works on global development goals, including poverty eradication, governance, and climate action.While UNDP and IDA both support developing countries, UNDP does not administer financial assistance through conce
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