Q. “Multiphase Programmatic Approach” is an approach to achieve development objectives in stages is related to which of the following?

[A] International Monetary Fund

[B] World Bank

[C] World Trade Organization

[D] World Economic Forum

Answer: B
Notes:

Multiphase Programmatic Approach (MPA) of World Bank allows countries the flexibility to implement an approach to achieve development objectives in stages when:  

  • the development challenge is complex;  
  • it would take a longer time to achieve the objectives;  
  • it would take a longer time to prepare one large project;  
  • the solution needs a broader and comprehensive approach;  
  • when a stop-and-go approach is not feasible.  

Projects under an MPA program may be financed by Investment Project Financing; or Program-for-Results financing, or their combination.  

Source: https://www.worldbank.org/en/projects-operations/products-and-services#MPA