Which organization provides capital and technical assistance to businesses in developing nations?

The International Finance Corporation (IFC) is the correct answer because it specifically focuses on providing capital and technical assistance to private enterprises in developing countries. The IFC is part of the World Bank Group and plays a pivotal role in promoting sustainable private sector investment in developing nations. By offering financial products, advisory services, and risk mitigation tools, the IFC aims to foster economic development and improve the quality of life in these regions through job creation and innovation.

In contrast, the International Monetary Fund mainly oversees the stability of the international monetary system and provides financial assistance to countries facing balance of payments problems. The World Bank, while involved in various infrastructure and development projects, does so mainly through loans aimed at government projects rather than direct support to private businesses. The International Development Association, as part of the World Bank Group, offers concessional funding aimed at the poorest countries, primarily through government programs, rather than direct interaction with private sector businesses.