Which of the following is not the agency of World Bank ?
ADB
The World Bank Group consists of five agencies: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
MIGA (1988) provides political risk insurance to foreign investors, ICSID (1966) provides facilities for settling investment disputes between governments and foreign investors, and IDA (1960) gives interest-free or low-interest long-term credits to the poorest countries. All three are World Bank Group agencies.
ADB, the Asian Development Bank, was established in 1966 with headquarters in Manila. It is an independent regional development bank owned by its member countries and is not part of the World Bank Group.
Hence, ADB.
Similar Questions
Which one of the following statements is false ?
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Important Questions from World Bank
- __________ provides grants and interest-free loans to the world's poorest countries for a variety of poverty reduction activities.
Which one of the following institutions is not a part of the World Bank Group?
- What is not correct about International Development Association (IDA) ?
(a) Following earthquake in 2015, IDA has helped Nepal rebuild and recover.
(b) IDA ranks as the highest performing multilateral development bank in 2016.
(c) IDA is a subsidiary bank of IBRD.
(d) India has procured highest amount of international loan from IDA. Which one of the following statements is false ?
Which one of the following is an important activity of the World Bank borrowings ?
