In 2015, the country of Ringo (one of the poorest countries in Africa) requested a loan from the International Development Association (IDA) scheme of the World Bank. With reference to Ringo's loan application, which of the following observations about the IDA scheme of the World Bank is true? Skipped Multiple Choice Grants and interest free loans are denied to governments of underdeveloped nations. The bank offers loans only to customers with a satisfactory credit rating. Moneyis raised through bond saies in the intermational copital market Borrowers have up to 50 years to repay at an interest rate of less than 1 percent a year IDA loans go only to European countries