Explanation
The International Development Association (IDA) is administered by the International Bank for Reconstruction 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 reduce poverty. It complements the efforts of IBRD, which primarily 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 concessional loans. United Nations Industrial Development Organization (UNIDO): UNIDO promotes industrial growth, technology adoption, and economic diversification in developing nations. It provides technical assistance and policy support but does not manage concessional lending like IDA.