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The organization that was created to offer loans to middle-income developing countries is the International Bank for Reconstruction and Development, which is commonly known as the World Bank.
Here's why the World Bank fits this description:
1. The International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, focuses on providing financial and technical assistance to middle-income countries to support their development projects.
2. The World Bank offers loans and credits to middle-income countries to help them improve infrastructure, education, healthcare, and other areas essential for their growth and progress.
3. By providing loans at low-interest rates and with flexible terms, the World Bank aims to promote sustainable development and reduce poverty in these countries.
In summary, the World Bank was specifically established to provide financial support in the form of loans to middle-income developing countries to facilitate their economic and social advancement.
