Of the UN Agencies, which one specifically aims at further economic development by encouraging productive private enterprise?

A United Nations Industrial Development Organisation
B International Finance Corporation
C International Monetary Fund
D World Bank

Correct Answer: International Finance Corporation

Of the UN Agencies, International Finance Corporation is one specifically aims at further economic development by encouraging productive private enterprise. International Finance Corporation is a private equity and venture capital subsidiary focused on the private sector in developing countries.

Related Questions

In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
For large farms to be as productive as they can be, their owners need to invest heavily in expensive machinery. This typically requires them to go into considerable debt, and interest on this debt is then a significant fixed cost. This high fixed cost makes those farmers vulnerable to operating losses if the price of their products drop.

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