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Consider the following organizations:
1. International Bank for Reconstruction and Development
2. International Finance Corporation
3. International Fund for Agricultural Development
4. International Monetary Fund
Q. Which of these are agencies of the United Nations?
  • a)
    1 and 2
  • b)
    2 and 3
  • c)
    3 and 4
  • d)
    1, 2, 3 and 4
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following organizations:1. International Bank for Reconst...
International Fund for Agricultural Development (IFAD) was established in 1977 with the objective to fight rural poverty. Its mission is to “Enable poor rural people to overcome poverty”. The International Bank for Reconstruction and Development (IBRD) is one of five institutions that comprise the World Bank Group.
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Consider the following organizations:1. International Bank for Reconst...
Introduction:
The question asks about the agencies of the United Nations among the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), International Fund for Agricultural Development (IFAD), and International Monetary Fund (IMF). Let's examine each organization to determine which ones are agencies of the United Nations.

1. International Bank for Reconstruction and Development (IBRD):
The IBRD is an international financial institution that provides loans and assistance to middle-income and creditworthy low-income countries. It was established in 1944 as part of the Bretton Woods system. The IBRD is one of the five institutions of the World Bank Group. While the IBRD works closely with the United Nations, it is not an agency of the United Nations itself.

2. International Finance Corporation (IFC):
The IFC is also a member of the World Bank Group and was established in 1956. It focuses on promoting private sector investment in developing countries. Similar to the IBRD, the IFC collaborates with the United Nations on various projects, but it is not an agency of the United Nations.

3. International Fund for Agricultural Development (IFAD):
The IFAD is an international financial institution that works exclusively on rural development and poverty reduction in developing countries. It was established in 1977 and is a specialized agency of the United Nations. The IFAD's main goal is to empower rural communities and improve agricultural productivity. Therefore, the IFAD is an agency of the United Nations.

4. International Monetary Fund (IMF):
The IMF is an international organization that aims to promote global economic stability and monetary cooperation. It was established in 1944 as part of the Bretton Woods system, along with the IBRD. The IMF works closely with the United Nations, but it is not an agency of the United Nations itself.

Conclusion:
Based on the analysis, the agencies of the United Nations among the given organizations are the International Fund for Agricultural Development (IFAD) and the International Monetary Fund (IMF). Therefore, the correct answer is option 'D' - 1, 2, 3, and 4.
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Consider the following organizations:1. International Bank for Reconstruction and Development2. International Finance Corporation3. International Fund for Agricultural Development4. International Monetary FundQ. Which of these are agencies of the United Nations?a)1 and 2b)2 and 3c)3 and 4d)1, 2, 3 and 4Correct answer is option 'D'. Can you explain this answer?
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