If the Philippines needed to borrow money to promote its economic and social progress,it would most likely go to the ___.
A) Asian Development Bank.
B) World Bank.
C) International Monetary Fund.
D) United Nations.

Question

​If the Philippines needed to borrow money to promote its economic and social progress,it would most likely go to the ___.
A) ​Asian Development Bank.
B) ​World Bank.
C) ​International Monetary Fund.
D) ​United Nations.

Quizplus · Accepted Answer

The Asian Development Bank is a regional development bank that provides financial assistance to its member countries in the form of loans, grants, and technical assistance. It specializes in promoting sustainable economic and social development in Asia and the Pacific region. Since the Philippines is located in this region, it is more likely to seek financial assistance from the Asian Development Bank rather than the World Bank, which is a global development bank that provides assistance to countries all over the world. The International Monetary Fund, on the other hand, is primarily focused on maintaining global financial stability, and the United Nations is not a bank, but rather an international organization that addresses a wide range of issues related to peace, security, and development.

​If the Philippines Needed to Borrow Money to Promote Its

If the Philippines Needed to Borrow Money to Promote Its