Mathematics
Grade9
Easy
Question
Multilateral development banks (MDBs) are international financial institutions established by a group of countries that provide financial services and professional advice in order to further economic development. MDBs generally receive donations from developed nations, often labelled foreign aid. They lend money to developing nations in the form of very long term loans below the market rate of interest and through grants.
Taking each line in the argument to be true, which statement must be demonstrably false?
- Developing nations will eventually pay back their loans.
- Loans from MDBs are below the market rate of interest.
- MDBs lend money as typically short-term loans.
- MDBs are established as international ventures.
Hint: