Which of the following is an institution of World Bank?a)IBRDb)IDAc)IF...
World Bank has five institutions- IBRD, IDA, International Finance Corporation, MIGA and ISCID.
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Which of the following is an institution of World Bank?a)IBRDb)IDAc)IF...
Institutions of World Bank
The World Bank is an international financial institution that provides loans, grants, and technical assistance to developing countries for development programs. The World Bank has five institutions, which are:
1. International Bank for Reconstruction and Development (IBRD): IBRD is the largest institution of the World Bank, which provides loans to middle-income and creditworthy low-income countries. IBRD was founded in 1944 and has 189 member countries.
2. International Development Association (IDA): IDA is a subsidiary of the World Bank, which provides interest-free loans and grants to the poorest countries in the world. IDA was founded in 1960 and has 173 member countries.
3. International Finance Corporation (IFC): IFC is a subsidiary of the World Bank, which provides financing and advisory services to private sector companies in developing countries. IFC was founded in 1956 and has 184 member countries.
4. Multilateral Investment Guarantee Agency (MIGA): MIGA is a subsidiary of the World Bank, which provides political risk insurance and credit enhancement guarantees to investors and lenders in developing countries. MIGA was founded in 1988 and has 181 member countries.
5. International Centre for Settlement of Investment Disputes (ICSID): ICSID is an independent international arbitration institution that provides facilities for the settlement of investment disputes between investors and host countries. ICSID was founded in 1966 and has 153 member countries.
Therefore, the correct answer to the given question is option 'D', which includes all the above institutions of the World Bank.