A group formed to help poor countries develop and to provide financial assistance by providing low-interest long-term loans.

• A. World Bank
• B. IMF
• C. United Nations
• D. European Union

Answer: (B)

Think about international institutions created to fund development projects in poorer nations with affordable, long-term financing. The description fits the World Bank, whose lending arms provide long-term loans at low interest to support infrastructure, health, education, and other development efforts in developing countries. The IMF’s role is to stabilize currencies and balance of payments, offering short- to medium-term support with policy conditions, not long-term development loans. The United Nations coordinates and promotes development work but does not typically provide these kinds of large, low-interest, long-term loans. The European Union is a regional bloc whose development aid is substantial but organized within its own institutions and region, not as a global development lender in the same sense.