This type of financing is provided by the Multilateral Development Banks to member countries, mostly for technical assistance, advisory services, or project preparation:Select one:a.Grant financingb.Personal loansc.Very-long-term loansd.Long-term loans
Question
This type of financing is provided by the Multilateral Development Banks to member countries, mostly for technical assistance, advisory services, or project preparation:Select one:a.Grant financingb.Personal loansc.Very-long-term loansd.Long-term loans
Solution
The correct answer is a. Grant financing. This type of financing is provided by Multilateral Development Banks to member countries, mostly for technical assistance, advisory services, or project preparation. Unlike loans, grants do not need to be repaid, making them a valuable resource for countries that need financial assistance.
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