Asked by Brian Henry on May 14, 2024

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Which of the following is true of bilateral funding?

A) It is provided by the World Bank only.
B) It is tied to the purchase of goods and services from donor countries.
C) It includes grants and loans that are extended at very high interest rates.
D) It is provided by the International Monetary Fund only.
E) It is provided by philanthropic organizations.

Bilateral Funding

Financial support provided by one country to another, or by a country to an international organization, aimed at supporting economic development or relief efforts.

World Bank

A worldwide economic entity that supplies loans and funding to the administrations of developing countries to facilitate the completion of significant infrastructure projects.

Donor Countries

Nations that provide financial or material aid to other countries for development, relief efforts, or economic assistance.

  • Fathom the significance of overseas aid, its orchestration, and the routes by which it is conveyed.
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Idris ElgabalawyMay 21, 2024
Final Answer :
B
Explanation :
Bilateral funding refers to financial aid given directly from one government to another. This aid is often tied to the condition that the recipient country must use a portion of the money to purchase goods or services from the donor country. This is known as tied aid.